FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that “the underwriting group for Twitter is likely to look remarkably similar to Facebook Inc (NASDAQ:FB).” Gasparino went on to report that, “the lead underwriter” for a possible Twitter IPO is Morgan Stanley (NYSE:MS).
Excerpts from the report are below.
Jim O’Shaughnessy: Fear Signals Created By The Reptilian Brain
ValueWalk's Raul Panganiban interviews Jim O’Shaughnessy, Chairman, Co-chief Investment Officer, and Portfolio Manager at O’Shaughnessy Asset Management. In this part, Jim discusses the fear and emotional signals created by the reptilian brain. Q1 2020 hedge fund letters, conferences and more That's very cool. For the factor to try to seek the reason why it works, Read More
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 Inc (NASDAQ:FB), meaning Morgan Stanley (NYSE:MS) in the lead IPO – is the lead underwriter. Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) co-lead managers are taking secondary roles, but Morgan Stanley (NYSE:MS) 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.”