The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Global ECM deal of the year 2013: Twitter

Twitter set an IPO landmark.

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.

If ever there was an example of a company learning from others’ mistakes it is this deal.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree