Wall Street gears up for Twitter IPO

Four big banks are said to have secured roles in Twitter’s highly anticipated initial public offering, according to the New York Times.

Goldman Sachs will take the lead role, giving it the most control over the process, and the largest slice of the millions of dollars in fees. JPMorgan Chase, Morgan Stanley and Bank of America Merrill Lynch are also serving as underwriters for the IPO.

Twitter filed its S-1 documents for an IPO with the U.S. Securities and Exchange Commission on Sept. 12. The announcement from Twitter came in the form of a tweet.

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