USHCC Applauds Inclusion of Minority-Owned Banks in Facebook IPO

USHCC Applauds Inclusion of Minority-Owned Banks in Facebook IPO



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WASHINGTON, March 12, 2012 /PRNewswire-HISPANIC PR WIRE/ — The United States Hispanic Chamber of Commerce (USHCC) applauds Facebook for updating its IPO filing to include minority-owned banks, as underwriters.

Facebook will engage a total of 31 underwriters in its IPO filing this year, 10 of which are minority-owned brokerage firms. These include Chicago-based Cabrera Capital Markets, a Hispanic Business Enterprise and member of the USHCC.

“The USHCC is pleased that Facebook, a global leader in social media, has sought the services of a Hispanic-owned firm like Cabrera Capital Markets,” says USHCC President and CEO Javier Palomarez. “This is certainly a very positive step forward for Facebook, as they entrust this historic transaction to the best firms representing the fastest-growing segment of America’s business community. Both Facebook and Cabrera Capital are partners of the USHCC and we couldn’t be prouder.”

“Facebook, a corporate member of the USHCC, has once again demonstrated its visionary leadership by engaging these top-tier minority-owned firms, which best illustrate our country’s diverse human capital and reflect their customer base,” said USHCC Chairman, Nina Vaca.

Other minority and/or women-owned firms included:

Blaylock Robert Van

Cabrera Capital Markets LLC

CastleOak Securities L.P.

C.L. King & Associates Inc.

Lebenthal & Co., LLC

Loop Capital Markets

M.R. Beal & Company

Muriel Siebert & Co.

Samuel A. Ramirez & Co.

The Williams Capital Group, L.P.

About the United States Hispanic Chamber of Commerce

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic-owned businesses in the United States that combined generate in excess of $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit http://www.ushcc.com.

SOURCE United States Hispanic Chamber of Commerce

USHCC Applauds Inclusion of Minority-Owned Banks in Facebook IPO