 "Facebook adding more banks for IPO: sources")
San Francisco: Facebook Inc will add more banks in coming weeks to help underwrite the company’s initial public offering, two sources familiar with its plans said on Friday. Deutsche Bank , Credit Suisse and Citigroup are among the banks that will likely be added, the sources said. The sources did not want to be identified because they are not authorized to speak publicly. [caption id=“attachment_232681” align=“alignleft” width=“380” caption=“AFP”]  [/caption] The addition of new banks coincides with an increase in the size of Facebook’s credit line, which currently stands at $2.5 billion. One source said the credit line may be in the range of $5 billion, but that this was still in flux. A spokesman for Facebook declined to comment. Representatives at Deutsche Bank, Citigroup and Credit Suisse declined to comment. Reuters
Facebook Inc will add more banks in coming weeks to help underwrite the company’s initial public offering, two sources familiar with its plans said on Friday.
Advertisement
End of Article
Written by FP Archives
see more
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/03/facebook-afp.jpg){kind=link}