From Businessinsider: IPOs are wildly profitable deals for Wall Street investment
banks, and they come with huge bragging rights.
So it's no surprise that the biggest Wall Street banks
fought over the Facebook IPO for years.
The inside story of the Facebook showdown reveals a lot
about the relative status of Wall Street banks in Silicon Valley these days,
especially Morgan Stanley and Goldman Sachs.
And it also reveals a lot about Facebook.
Facebook's in its IPO "quiet period" right now,
and no one who knows anything is willing to talk publicly about it. This story
is based on background interviews with more than a dozen Valley bankers,
investors, and executives over the past few months, all of whom insisted on
anonymity.
The story starts, as most Facebook stories do, with
27-year-old CEO Mark Zuckerberg, who used to tell colleagues he never wanted to
go public...
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