Facebook’s Banker Dream Team Grows

Facebooks Banker Dream Team Grows

It’s another week, and another 25 banks have joined the Facebook‘s initial public offering party, bringing the grand total of financial backers to 31.

RELATED: Facebook Is Close to Hiring Morgan Stanley for a $100 Billion IPO

Whoa whoa whoa — Why on Earth does Mark Zuckerberg and company need nearly three dozen banks to prepare its stock offering? First of all, keep in mind that this is also a brand-building exercise for Facebook, so it’s chosen to stack its list with minority and women-owned banks. Second, it’s a big IPO, and according to Dow Jones, “It’s not unusual for 25 to 30 banks to work on large offerings such as Facebook’s.” So why not offer a long and diverse roster of players to choose from? Facebook’s army of bankers looks like this:

RELATED: Facebook Raises Demand with Lower Than Expected $5 Billion IPO

The Original Six:

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  1. Morgan Stanley
  2. JPMorgan Chase
  3. Goldman Sachs
  4. Bank of America
  5. Merrill Lynch
  6. Barclays Capital
  7. Allen Co.

The Blithe Twenty-Five:

  1. Citigroup
  2. Credit Suisse Group
  3. Deutsche Bank
  4. RBC Capital Markets
  5. Wells Fargo
  6. Blaylock Robert Van
  7. BMO Capital Markets
  8. C.L. King Associates
  9. Cabrera Capital Markets
  10. CastleOak Securities L.P.
  11. Cowen Co.
  12. Lazard Capital Markets
  13. Lebenthal Co.
  14. Loop Capital Markets
  15. M.R. Beal Co.
  16. Macquarie Capital (USA) Inc.
  17. Muriel Siebert Co.
  18. Oppenheimer Co.
  19. Pacific Crest Securities
  20. Piper Jaffray Co.
  21. Raymond James Associates
  22. Samuel A. Ramirez Co.
  23. Stifel, Nicolaus Co.
  24. The Williams Capital Group
  25. William Blair Co.
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