Facebook (Nasdaq: FB), the No. 1 social network, didn't just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies.
The underwriting syndicate led by Morgan Stanley (NYSE: MS) collected a colossal $176 million in underwriting fees, Facebook filings with the U.S. Securities and Exchange Commission show.
The biggest slice will be taken by Morgan Stanley, followed by JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS), with the rest spread among the 30 others including Bank of America (NYSE: BAC), Barclay's (London: BARC) and Allen & Co.
Meanwhile, just by stabilizing Facebook shares Friday, when they plunged in opening trades, Morgan Stanley made another $100 million. Morgan Stanley shares traded at $13.34 on Thursday, down about 1 percent since Friday. Its value is $26.3 billion, compared with Facebook's $68.1 billion.
David Zielenziger is a veteran editor and journalist who has written for newspapers including the Baltimore Sun, Asian Wall Street Journal and EETimes, as well as for...