Global ECM deal of the year 2013: Twitter
Twitter set an IPO landmark.
|Twitter $2.1 billion IPO|
|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.