New Twitter executive hire heightens IPO rumors

Summary:Consumer tech IPOs didn't do that well in 2011 and 2013, but maybe Twitter could prove to be a veritable comeback for the industry in 2013.


Twitter has hired a new director for its corporate development unit, which already has the Twittersphere (obviously) buzzing over a potential initial public offering.

Alex Macgillivray, general counsel for Twitter, announced via (what else) his Twitter feed on Thursday that Cynthia Gaylor is being brought on board.

It's Gaylor's background that has spawned rumors that this means Twitter is plotting an IPO soon.

Gaylor most recently served as a managing director for Morgan Stanley. According to her LinkedIn profile, her experience covers "strategic initiatives including M&A, equity and debt financings, restructurings, recapitalizations, leveraged buyouts, defense and strategic advisory assignments."

But more importantly:

Most recently Cynthia is leading Morgan Stanley's technology execution effort, advising clients across a broad array of strategic financing activities including IPOs, follow-on offerings, equity linked, private placement and debt security transactions. Cynthia has advised on transactions for Workday, ServiceNow, Palo Alto Networks, Facebook, Infoblox, Splunk, Zynga, Jive, Netflix and Linkedin.

Already adapting to the true company spirit, Gaylor also commented publicly about her new job via Tweet:

Public debuts haven't gone very well for some other high-profile consumer tech brands -- notably Facebook and Zynga. Enterprise tech businesses, such as Workday and Marin Software , have fared far better in comparison.

However, a recent report from Pricewaterhousecoopers suggested that tech IPOs could be on the comeback trail in 2013, and perhaps Twitter is the one to lead the way.

Image via Cynthia Gaylor/LinkedIn

Topics: CXO, Social Enterprise, Tech Industry, Developer


Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider,, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for, Irish Americ... Full Bio

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