This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Twitter IPO May Prove Morgan Stanley's Facebook Fallout

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 - Get Report) 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

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $429.27 0.63%
FB $79.20 -1.20%
GOOG $532.48 -1.40%
LNKD $194.91 -0.67%
MS $38.20 -1.40%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs