Twitter's much speculated upon listing could put fallout from Facebook's IPO behind Morgan Stanley. Earlier in May, Twitter hired Cynthia Gaylor, a top Morgan Stanley banker to head the company's corporate development.
Prior to joining Twitter, Gaylor was one of the top M&A advisors in Silicon Valley, advising Amazon (AMZN) on its well-received acquisition of Zappos and Google on its $750 million deal for AdMob.
While the hiring of a prominent banker led some to speculate Twitter is moving closer to an initial public offering, Gaylor took to the social network to talk about acquisitions. "[L]ook forward to joining and focusing on M&A + strategy," Gaylor wrote in her first tweet May 2.
A recent fundraising round valued Twitter at $10 billion, meaning its prospective initial public offering will be among the largest in the tech sector in years.For now, expect the one-year anniversary of Facebook's initial public offerings to raise bad memories of Morgan Stanley's underwriting work. As IPO markets reheat, however, bank may prove it remains the preeminent tech powerhouse on Wall Street. -- Written by Antoine Gara in New York Follow @AntoineGara
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV