Speculation has increased Twitter is planning an initial public offering (IPO) in the near future after it appointed Cynthia Gaylor from Morgan Stanley to run its corporate development team.
Reuters reports Gaylor is a veteran investment banker with experience in IPOs and acquisitions.
“Look forward to joining and focusing on M&A + strategy,” Gaylor tweeted on Thursday. “Pointed north … let the migration begin!”
Twitter announced Gaylor’s appointment on Twitter on Thursday, though the company has not revealed any plans for an IPO.
The company is widely expected to announce an IPO after Facebook followed the same path last year.
HumanIPO reported earlier today that Facebook and dozens of banks had requested a US federal judge throw out the lawsuit over the company’s alleged misleading of investors in the build up to the IPO.
