Feeds

Twitter snaps up ex-banker IPO expert - CAN'T THINK WHY

You've got 3 guesses as rumour mill churns stock market pro hire

Boost IT visibility and business value

Twitter has hired an ex-banker with experience in initial public offerings, mergers and acquisitions to head up its corporate development team, sparking rumours of an upcoming market debut.

The microblogging site is one of the next tech firm public offerings for investors to get overly excited about. Which they probably will, despite the fact that the last big tech IPO, Facebook's, went somewhat less than smoothly. Other hotly tipped stocks, like Zynga and Groupon, have also failed to set the markets alight.

Twitter is a better bet for shareholders however, given that it's already making money and targeting a hefty $1bn in revenue next year.

Twitter general counsel Alex MacGillivray announced Cynthia Gaylor's appointment, appropriately enough, in a tweet:

To which she replied with her first tweet:

Neither tweet mentions an IPO, of course, since the firm has maintained it's not focused on going public right now - although it's widely predicted to be considering the move.

A former managing director of Morgan Stanley's global technology group, Gaylor has also worked at JP Morgan where she specialised in mergers and acquisitions, according to her LinkedIn profile.

The last valuation of Twitter, in January, put the social site's price tag at around $9bn, after early employees sold shares to a BlackRock fund for $80m. ®

Boost IT visibility and business value

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Speak your brains on SIGNAL-FREE mobile comms firm here
Is goTenna tech a goer? Time to grill CEO, CTO
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.