Goldman-Led Twitter Underwriters Share $59.2 Million in IPO Fees

Goldman Sachs Group Inc. and other underwriters on Twitter Inc.’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 banks are receiving 3.25 percent of the $1.82 billion that Twitter raised in its IPO, according to a regulatory filing today. Goldman Sachs led the sale, with help from firms including Morgan Stanley and JPMorgan Chase & Co. The fee pool is typically split unevenly among underwriters, with larger shares going to banks more actively involved in the process.