Morgan Stanley may be losing its tech luster.
The New York Post reports that the firm’s well-buffed reputation as the savviest tech banker in Silicon Valley was dented and dirtied by Twitter executives as the micro-blogging site interviewed candidates to lead its high-profile stock offering, the newspaper has learned.
Twitter officials, led by Chief Financial Officer Mike Gupta, solicited feedback from other bankers about Morgan Stanley’s performance on its previous efforts in bringing tech firms public over the past two years, sources said.
Gupta and other Twitter brass highlighted deals like Morgan Stanley’s well-publicized stumble with Facebook’s IPO as prime examples of scenarios they wanted to avoid, people familiar with Twitter’s talks with banks said.
The tech company has chosen Goldman Sachs to be its lead banker.
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