JP Morgan, Goldman, Credit Suisse and others to fight over Twitter IPO

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Wall Street IPO-tweet-stakes have begun. Banks already are lining up to score the plum assignment of leading Twitter’s hotly anticipated public offering.

The NY Post reports that the $10bn social-messaging platform has held informal talks with Wall Street firms — the first step toward an IPO that could come in the next several months, sources said.

'Rumblings around Twitter are getting louder,' said one bank official. Bankers have met with Twitter’s management in recent weeks for preliminary talks ahead of a more formal selection process to pick underwriters to lead the IPO, sources tell The Post.

JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, Credit Suisse and others will be jockeying to score a role in the much-anticipated offering.

Twitter’s executive suite — comprising CEO Dick Costolo, operations chief Ali Rowghani and newly appointed finance chief Mike Gupta — have shared a few concerns with the bankers.

Among them, the 7-year-old San Francisco tech company wants an offering that’s 'low profile,' one source said.

The concern seemed to reference Facebook’s $15bn botched offering as something Costolo’s crew wanted to avoid, sources said.

To access the complete NY Post article hit the link below.

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image: © Howard Lake

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