Frank Kern La Jolla

In Facebook IPO, bankers seek prestige over fees

January 27, 2012 – 4:33 pm (Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. The world's largest online social network is expected to tap public markets for $10 billion (6 billion pounds) in the coming months in an offering that will value the company at up to $100 billion, according to sources familiar with ...