Twitter IPO isn?t going to reshuffle league tables

The deal, which Twitter says will raise up to $1 billion, at this point, is the most highly anticipated IPO of the year. But at $1 billion, it isn?t enough to move the needle.

Through the first three quarters of the year there was $36.2 billion in US IPOs, according to Dealogic. That was slightly behind the first three quarters of 2012, when $38.1 billion in deals were done, with Facebook's $16 billion deal making up nearly half that amount.

Globally, the year is at $99.1 billion for the first three months, up 12% from the prior year, according to Dealogic. The year has been marked by a parade of global $1 billion IPOs, 20 in total, the most since 2007 when 30 deals above $1 billion went public.

Twitter would join that crowd, but so far it?s unclear if it will be the kind of data-skewing IPO that Facebook was.

Of course, Twitter could always raise billions more. Facebook, for instance, first announced it was seeking up to $5 billion and then went and raised over $16 billion.

Either way, Twitter selected banks that already fill out much of the leaders for IPOs, meaning the top 10 will, as of this filing, remain largely static.

Twitter has selected Goldman Sachs, Morgan Stanley and JP Morgan as its lead bankers, with Bank of America Merrill Lynch and Deutsche Bank next and then Allen & Co and Code Advisors.

Bookrunners get equal credit in the IPO league tables, and most of Twitter?s banks are in the top seven of US IPO league tables for the first nine months of the year, according to Dealogic.

Bank of America Merrill Lynch is in the lead, followed by JP Morgan and Goldman Sachs. Deutsche Bank is No. 5 and Morgan Stanley is No. 7.

So far not on the offering are Citigroup, currently No. 4, Credit Suisse, so far No. 6, as well as Barclays, Wells Fargo and UBS, which round out the top 10.

-- write to David.Benoit@wsj.com

This article originally appeared on The Wall Street Journal's MoneyBeat blog [ http://on.wsj.com/18YEfn6 ]

Source: http://www.efinancialnews.com/story/2013-10-04/twitter-ipo-dealogic-league-table

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