The popular social networking site Facebook appears to have secured the services of 31 underwriters at a discount.  According to several reports of the English press, including the Bloomberg , Mark Zuckerberg had negotiated a fixed fee of 1.1% for this purpose, which is intended as a real bargain compared to fees charged normally.



The average rate charged at the 127 IPOs in 2011 would be 5.48% instead, according to Bloomberg.

If the company comes to getting 5 billion during the transaction, bankers and other underwriters to be able to provide and share 55 million USD (1.1% of the amount raised). A harvest of 10 billion is still possible and feasible, and would thus Bankers to the kitty still astronomical sum of 110 million USD.

This is Morgan Stanley, principal partner in the operation, although it may reap the lion's share at the expense of other banks involved.

Other participating institutions include JP Morgan Chase, Goldman Know, Bank of America, Barclays, Allen & Co., Deutsche Bank, Credit Suisse, Citigroup, Muriel Siebert & Co. and William Blair & Co.

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