Stepping up for the posties are legal institutions Freshfields Bruckhaus Deringer, Slaughter and May, and Linklaters. It’s not the first time Freshfields and Slaughters have crossed paths with the postal service, having both advised on the restructuring of Royal Mail in the past few years. All three will be hoping that privatisation, valued at £3bn, is delivered safe and sound.
Across the pond, Twitter has instructed Wilson Sonsini Goodrich & Rosati, the former firm of its general counsel Vijaya Gadde and his predecessor Alexander Macgillivray, to lead on its early bird flotation. Other firms thought likely to step into the fray include the site’s longstanding corporate adviser Fenwick & West, and Shearman & Sterling which has done work for the business in the past.
The news follows the announcement of imminent IPOs of a number of other household brands, including US hotel chain Hilton Worldwide last week and hard-driving UK estate agency Foxtons back in August.
One thing’s for sure – whatever the market has in store for these flotations, all signs are pointing to a first class start to the season for global IPO
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