Goldman Led Twitter Underwriters to Make $59.2 Million From IPO

Goldman Sachs Group Inc. and other underwriters on Twitter Inc. (TWTR)’s initial public offering will share about $59.2 million for managing the sale after accepting one of the smallest fee rates for a U.S. IPO this year.

The projection is based on the 3.25 percent of the $1.82 billion IPO that Twitter agreed to pay the banks managing the sale, people familiar with the matter said last month. Goldman Sachs is leading Twitter’s IPO, with help from firms including Morgan Stanley and JPMorgan Chase & Co., regulatory filings show. The fee pool is typically split unevenly among underwriters, with larger shares going to banks that are more actively involved in the process. Read more.