Morgan Stanley (MS) Goldman Sachs (GS), Bank of America (BAC) Get 30 Percent of IPO Fees in 2011

So far in 2011, IPO fees generated by banks have come to $533 million, more than the banks have made in 6 years.

Leading the sector in garnering the fees are Morgan Stanley (NYSE:MS) Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC), which have accounted for 30 percent of the revenue generated so far this year.

So far this year the total is over four times what it was at the same time in 2010, much of that coming from the recent IPO of HCA Holdings Inc's (NYSE:HCA) of $3.8 billion.

Morgan Stanley was trading at $28.27, up $0.20, or 0.71 percent, as of 1:08 PM EST. Goldman Sachs was at $160.71, up $0.44, or 0.27 percent. Bank of America was trading at $14.31, up $0.05, or 0.32 percent.

Citigroup (C), Morgan Stanley (MS) Among Banks Battling to Underwrite Ivanplats IPO

Citigroup (NYSE:C) and Morgan Stanley (NYSE:MS) are among several banks reportedly battling it out to underwrite the upcoming IPO of Ivanplats.

Ivanhoe Nickel & Platinum Ltd., the mining company known as Ivanplats, plans to go public this year in an offering that could raise between $750 million and $1 billion, people familiar with the matter said.

In recent weeks, Ivanplats has been interviewing various banks for the initial public offering of stock, which could value the company at more than $5 billion, although the current valuation could change based on copper prices, political stability and the development of actual mines, these people said. Robert Friedland, the chief executive of Ivanhoe Mines Ltd., is a controlling shareholder of Ivanplats, with a stake of about 30%. Institutional investors own the rest of Ivanplats. Ivanhoe, which owns 8% of Ivanplats, is also considering its own sale or breakup.

Ivanplats's mineral holdings include a nickel, platinum and copper deposit in South Africa as well as a copper and cobalt discovery in the Democratic Republic of Congo. The company, which has offices in South Africa and Canada, has explored going public in the past, most recently in 2007. But it held off because of the global economic slump.

Now, with commodity prices on the upswing and high demand for raw materials from developing countries, Ivanplats stands to benefit from a public offering, the people familiar with the matter said. A Wednesday mining-industry report by Ernst & Young said 2011 will be marked by a flurry of IPOs, driven by pent-up demand for public equity and the desire to provide "shareholder exposure to strong commodity prices."





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Bank of America, (NYSE:BAC), Deutsche Bank (NYSE:DB) Lead NeoPhotonics to $82.5 Million IPO

NeoPhotonics Corp., which starts trading today on the New York Stock Exchange under the ticker symbol "NPTN," raised $82.5 million in its IPO, led by Bank of America, (NYSE:BAC) and Deutsche Bank (NYSE:DB). The company increased the number of shares available to boost the total.

A total of 7.5 million shares were sold at a price of $11 each. That was after the initial offering of 7 million shares at $9 to $11 each, according to its filing with the U.S. Securities and Exchange Commission.

The company said they will use the money raised for working capital.

This week 11 companies are attempting to raise almost $1 billion through IPOs.

Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS), Have 30 Days to Exercise GM (NYSE:GM) Option

The long anticipated, but overhyped IPO of General Motors (NYSE:GM) has finally come, and interest in the shares could result in Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM) and Morgan Stanley (NYSE:MS), who are underwriters of the offering, to exercise an overallotment option, which could increase the number of shares offered by another 14.3 million. They have 30 days to make the decision.

Shares in General Motors increased by 7 percent in early trading on Thursday, which will help them to pay back taxpayers who essentially saved the company; something that shouldn't of happened, but here we are anyway.

GM traded at about $35.25 at 12:00 PM EDT.

Including the $4.35 billion of preferred shares and overallotment option, it would bring the IPO to be the largest in history, although shares would have to climb significantly in order for the automaker to pay generate a profit to its major investors.

The U.S. Treasury offered close to 360 million shares in the IPO at an initial value of $33 a share. GM shares will have to rise to $53 in order for the Treasury to break even in the deal.

The government paid GM $49.5 billion. Of that, about $13.6 billion will be paid back as a result of the IPO immediately.