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arjunnarayan
on May 19, 2012
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The Facebook Offering: How It Compares
You are correct. The relevant citation is this.
http://blogs.reuters.com/felix-salmon/2011/06/07/the-us-ipo-...
On average, banks take about 7% of IPO proceeds due to a Wall Street cartel of underwriters.
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On average, banks take about 7% of IPO proceeds due to a Wall Street cartel of underwriters.