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-- there -- 31 underwriters of this offering -- -- those companies are being paid is raising some eyebrows fox business's Liz MacDonald.
Has that part of the story forests and -- a smaller piece of the pie for these underwriters.
Right yeah that's right dig in coming in and a reporter one point 1% of the deal value.
So many do the math that comes -- just about 55 million dollars through May be a 110 million dollars if it's a ten billion dollar IPO.
And that would be split among 31 underwriters.
Adding to the group Morgan Stanley is -- did lead underwriter.
Citigroup is now in on the deal also Deutsche bank and Credit Suisse.
So when you do the math -- you basically come out to one point eight million dollars for each of these underwriters Morgan Stanley they'll probably get more money.
But here's the deal is probably about prestige and -- -- Value of being the underwriter on the deal still it's.
Going up memories of what happened with Google when it went public Merrill Lynch backing out of that deal because of the economics were so poor.
But think -- will talk on the street is that the -- -- underwriting -- does shrink.
As its size of the IPO gets larger and larger so lot of talk on Wall Street about this one.
Also reminded him right reminder here Zynga billion dollar IPO.
Not -- -- fee was just about 3% back -- does thank you so much Liz -- make -- reporting on FaceBook I think that's right now let's get.
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