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The Lehman Formula, also known as the Lehman Scale, is a formula to define the compensation a bank or finder should receive when arranging for and handling a large underwriting or stock brokerage transfer transaction for a client. The formula usually applies to the entire value of the stock.〔The art of M&A financing and refinancing: a guide to sources and instruments for external growth. Alexandra Reed Lajoux, J. Fred (John Fred) Weston. McGraw-Hill Professional. ISBN 0-07-038303-0〕 == Formula == The Lehman formula is a formula used by investment banks and individual or corporate "finders" for the raising of capital for a business, either in public offerings or private placements, and is normally payable by the vendor(s) of the business once the funds have cleared. It usually deals with amounts greater than a million dollars. Below this mark, brokerage services and investment banks usually offer a set of tiered fees, or set-rate trading prices (such as $9.95 per trade). The following is the Lehman Formula as originally described: * 5% of the first $1 million raised from investors * 4% of the second $1 million raised from investors * 3% of the third $1 million raised from investors * 2% of the fourth $1 million raised from investors * 1% of everything above $4 million raised from investors. The Lehman Formula was widely used in the 1970s, 1980s and 1990s but is no longer the standard that it used to be. In recent years, investment banks became more profit-oriented (critics say greedy) and variations are used wherever the finder or underwriter can negotiate them. For example, 5% of the first $10 million, plus 4% of the next $10 million and a reduction in $10 million increments has been used where the company raising the money was in great need or the money was being raised in a public offering where costs have increased due to increased regulation and greater legal liability for all since the Meltdown of 2008. The original formula tends to be in current use only with the finding of private investors, where the finder has little or no liability, legal work or administrative work. The name tends to be used less since the mismanagement of Lehman Brothers led to its demise in the Meltdown of 2008. The great standard fee setter is no more. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Lehman Formula」の詳細全文を読む スポンサード リンク
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