Twitter Inc., the microblogging service with more than 200 million members, added Allen & Co. and Code Advisors LLC to the group of underwriters managing its initial public offering, according to people with knowledge of the process.
Twitter, which on Sept. 12 disclosed its intention to go public, added the boutique firms to the existing lineup of Wall Street investment banks it hired for its initial share sale, said the people, who asked not to be identified because the decision isn’t public. The company will make a public S-1 filing with the U.S. Securities and Exchange Commission this week, the people said.
Goldman Sachs Group Inc. is Twitter’s lead underwriter, followed by Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley and Bank of America Corp., other people close to the situation have said.
The San Francisco based-company, which will go public this year, hasn’t yet decided on the valuation and size of the offering, said one of the people.
Gabriel Stricker, a spokesman for Twitter, declined to comment. Representatives for Allen & Co. and Code Advisors weren’t reachable for comment.
Image: Mashable
This article originally published at Bloomberg here
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