The $75,000,000 Ancestry.com I.P.O. is underwritten by five banks/financial institutions. They typically get 7% of the total offering, less their expenses. Since I.P.O.s have been nearly non-existent lately, the banks can crow a bit about making a few bucks from Ancestry.com’s venture.
Rory Maher, at the Business Insider, estimates the fees as follows:
- Morgan Stanley (33%): $1.5 million
- Bank of America – Merrill Lynch (33%): $1.5 million
- Jefferies & Company (11%): $500,000
- Piper Jaffray (11%): $500,000
- BMO Capital Markets (11%): $500,000
