Gasparino: J.P. Morgan and Morgan Stanley Bidding on Facebook IPO

FOX Business Network Senior Correspondent, Charlie Gasparino, is reporting this afternoon that Goldman Sachs GS is no longer the only underwriter in the Facebook IPO and that both JPMorgan JPM and Morgan Stanley MS are looking to get a piece of the deal. Mr. Gasparino said, “Sources are telling the FOX Business Network Facebook is openly talking to rival firms, JPMorgan and Morgan Stanley in particular, to be co underwriters with Goldman. Facebook is now open to other bidders.” He added, “There are probably going to be a consortium of firms that underwrite this deal.”