SAN FRANCISCO, May 16 (Reuters) - Facebook anticipates
paying roughly $2.6 million in legal fees in connection with its
initial public offering, according to a company filing this
The social media giant has tapped Fenwick & West as the lead
law firm for its IPO. The Northern California firm has a
longstanding practice representing Silicon Valley darlings.
Facebook is scheduled to begin trading on the Nasdaq on
Friday. A host of Wall Street banks are underwriting the
offering, with Morgan Stanley, JPMorgan and Goldman Sachs
serving as leads.
Representatives for Fenwick and Facebook could not
immediately be reached on Wednesday.
Founded eight years ago by Mark Zuckerberg in a Harvard dorm
room, Facebook said this week it will add about 84 million
shares to its IPO, floating about 421 million shares in an
offering expected to be priced on Thursday.
The additional shares will be sold by early investors
including PayPal co-founder Peter Thiel, Accel Partners' James
Breyer and investment manager Tiger Global Management, the
company said in a filing.
(Reporting By Dan Levine)
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