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Twitter takes first step toward going public

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So what did we learn, other than the fact that they have less than $1 billion in annual revenue?

Shhhhh ....

Technology bankers at major banks from JPMorgan and Credit Suisse Group AG to Morgan Stanley are still vying for roles in the IPO. Several are in informal conversations with the microblogging network's management, said two sources familiar with the matter who declined to be named because it is not public.

A similar race is on around China's Alibaba, which is expected to raise more than $15 billion this year. Bank chief executives such as JPMorgan's Jamie Dimon and Citigroup Inc's Michael Corbat have made it a point to meet Alibaba founder Jack Ma.

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