Mar 7, 2017

Wall Street cashed in on Snap IPO

Richard Drew / AP

Snap's IPO last week generated around $85 million in bank underwriting fees, led by $25.7 million for Morgan Stanley, according to S&P Global Intelligence. That would make it the 10th-most underwriting fees ever for a global tech IPO, just below TyCom in 2010 and just above FirstData in 2015.

Source: S&P Global Intelligence
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