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.
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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.”