Global ECM deal of the year 2013: Twitter

Twitter $2.1 billion IPO
Issuer	Twitter
Size	$2.093 billion
Date	September 2013
Adviser	Goldman Sachs
Lead left bookrunners	Goldman Sachs
Bookrunners	Morgan Stanley, JPMorgan, Bank of America Merrill Lynch, Deutsche Bank
return to the Deals of the Year 2013 index

Despite the continued appetite for DCM, last year many observers were calling an end to the primacy of fixed income over equity and the expectation emerged that investors would start to rotate allocation towards the equity markets. That was good news for the IPO market, in which there were a number of landmark deals during the year, foremost of which was the IPO of microblogging site Twitter.