FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that 'the underwriting group for Twitter is likely to look remarkably similar to Facebook'.
Gasparino went on to report that, 'the lead underwriter' for a possible Twitter IPO is Morgan Stanley.
Excerpts from the report are below.
On whether Morgan Stanley is the lead underwriter for possibly Twitter IPO:
'The underwriting group for Twitter is likely to look remarkably similar to Facebook, meaning Morgan Stanley in the lead IPO – is the lead underwriter.
Goldman Sachs and JPMorgan co-lead managers are taking secondary roles, but Morgan Stanley clearly in the lead. Now we should point out Twitter had no comment. The decision has not been made yet exactly to do the IPO'.
Source: FOX Business Network