Zynga's Stockholders Should Be Very Happy with Facebook Right Now
It's another week, and another 25 banks have joined the Facebook's initial public offering party, bringing the grand total of financial backers to 31.
Whoa whoa whoa -- Why on Earth does Mark Zuckerberg and company need nearly three dozen banks to prepare its stock offering? First of all, keep in mind that this is also a brand-building exercise for Facebook, so it's chosen to stack its list with minority and women-owned banks. Second, it's a big IPO, and according to Dow Jones, "It's not unusual for 25 to 30 banks to work on large offerings such as Facebook's." So why not offer a long and diverse roster of players to choose from? Facebook's army of bankers looks like this:
The Original Six:
The Blithe Twenty-Five:
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Adam Clark Estes
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