Facebook chooses Morgan Stanley to lead IPOPosted by RJ and Makay on Feb 01, 2012 |
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Facebook Inc. has chosen Morgan Stanley to lead its planned initial public offering (IPO). The social networking giant filed with the Securities and Exchange Commission (SEC) today to raise at least $5 billion through the IPO, and plans to begin to sell stock this spring under the ticket symbol FB. It would be one of the biggest debuts in market history and will provide investors with a view of Facebook’s operations, business performance and executive pay.
Barclays Plc
Lehman Brothers Holdings Inc. announced yesterday that its reorganization plan has the backing of creditors who hold $160 billion of claims, and believes it has gained sufficient support to resolve its bankruptcy. The firm, which filed the biggest bankruptcy in U.S. history in 2008, has locked up nine new major settlement agreements toward resolving creditor claims, according to a recent court filing.








