Following on the enormously successful, warts-and-all initial public offering of Demand Media, the latest sign of a flowering market for technology IPOs takes the form of an industry move on Wall Street: Imran Khan, a JPMorgan managing director known for his tech analysis, is moving over to Credit Suisse to work on internet investment banking, according to Kara Swisher at AllThingsD.
At Credit Suisse, Mr. Khan will be handling mergers and initial public offerings, among other things.
At this point Facebook, the biggest potential IPO catch on the market, is spoken for by Goldman Sachs, which handled the social networking company’s recent banger of a private share placement (Goldman and Morgan Stanley were lead underwriters on Demand’s IPO.) But so far the limits of investor appetite for internet companies have not been meaningfully tested, and as startups continue to proliferate, Credit Suisse may yet be well positioned to reap a decent windfall on the bullish tech market. The question is whether other Wall Street banks join in chasing this tech market higher.
mtaylor [at] observer.com | @mbrookstaylor