Twitter Taps Two More Banks for Upcoming IPO
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Twitter is said to tap two additional banks as it looks to go public sometime this year in the most-anticipated IPO since Facebook (Nasdaq: FB) in May 2012.
The WSJ said that J.P. Morgan and Morgan Stanley will join Goldman Sachs to lead the effort. No real big surprise, but its good to see some familiar names among the lead underwriters and book runners.
Twitter, the microblogging and social media giant, may go public as soon as November in order to avoid the post-holiday slump in early 2014. The company announced making an S-1 filing with the U.S. SEC weeks before disclosing the move via its official company feed on Twitter earlier this month. It generally takes about 2.5 months for the U.S. Securities and Exchange Commission to approve a company for listing, though timing is different from company to company.
Should the company decide to go public in late November, it would need to make its prospectus public 21 days before he event,according to regulation under the JOBS Act.
The WSJ said that J.P. Morgan and Morgan Stanley will join Goldman Sachs to lead the effort. No real big surprise, but its good to see some familiar names among the lead underwriters and book runners.
Twitter, the microblogging and social media giant, may go public as soon as November in order to avoid the post-holiday slump in early 2014. The company announced making an S-1 filing with the U.S. SEC weeks before disclosing the move via its official company feed on Twitter earlier this month. It generally takes about 2.5 months for the U.S. Securities and Exchange Commission to approve a company for listing, though timing is different from company to company.
Should the company decide to go public in late November, it would need to make its prospectus public 21 days before he event,according to regulation under the JOBS Act.
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