Ted Hollifield, partner in the firm’s Corporate Transactions & Securities Group, was quoted in San Francisco Chronicle discussing the social media website Twitter’s IPO and how its successful Wall Street launch, with its stock soaring 73 percent above its initial public offering price, bodes well for San Francisco’s growing tech scene.
"It's a recognition of San Francisco's growing place in the tech world over the past decade," Hollifield said,
"San Francisco now has a public company IPO that's getting mentioned in the same sentence with Google and Facebook," he added.
And the city has a "cadre of companies that are in position to take advantage" of that strong interest by Wall Street investors, Hollifield said.
Hollifield said, Twitter's strong Wall Street opening day "lays the groundwork" for even more tech IPOs in the city's future.
"The ones I keep my eye on are Airbnb, Evernote and Box, who are all well-positioned to take advantage of this very strong investor interest," he said.
According to the article, Twitter co-founder Jack Dorsey’s other venture, mobile payments platform company Square, is rumored to be in discussion with bankers about an IPO next year.
"It's hard not to view Jack Dorsey's management in anything other than a favorable light given his success with Twitter," Hollifield said.