Facebook to add banks for IPO: Report
Quotes

Facebook to add banks for IPO: Report

Last Updated: Saturday, March 3, 2012, 18:48
 
 Comment 0
 
Facebook to add banks for IPO: Report
Zeebiz Bureau


New Delhi: Social networking giant Facebook is all set to add banks in coming weeks as its Initial Public Offering (IPO) underwriters, an international news agency reported.

Reportedly, Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added.

Earlier in February 2011, the leading underwriters of the company's IPO which includes - Morgan Stanley, JPMorgan Chase & Co, Goldman Sachs, Bank of America Merrill Lynch and Barclays Capital- set up a USD 1.5 billion credit agreement.

Last September, Facebook increased its credit line to USD 2.5 billion and the credit line is further expected to increase to USD 5 billion, reports said.



First Published: Saturday, March 3, 2012, 18:48


Comments


comments powered by Disqus
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV
Apple Watch: Worldwide preview
Apple Watch: Worldwide preview
2015 New York Auto Show
2015 New York Auto Show

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved