We're sure some of you know who the firm is already, but there's nothing out there yet so we'll refrain from calling it official. But! Audit Analytics has some stats on the 248 IPOs since April 2012 that show EY is a big favorite among EGCs since the JOBS Act was passed:
Since April 2012, there have been 248 IPOs registered with the SEC. Of those, 182 (73%) designated themselves as #EmergingGrowthCompanies.
— Audit Analytics (@AuditAnalytics) September 13, 2013
Auditor market share for the 182 #EmergingGrowthCompanies was: EY (35%), PwC (23%), KPMG (12%), DT (10%), GT (5%), BDO (4%), other (11%).
— Audit Analytics (@AuditAnalytics) September 13, 2013
Auditor market share for the 66 non-EGC companies was: PwC (32%), DT (23%), EY (20%), KPMG (15%), other (10%). #JOBSAct #IPOs
— Audit Analytics (@AuditAnalytics) September 13, 2013
Couple this with their impressive roster of tech clients (innovative interpretations of accounting rules help that) and it's hard to imagine anyone other EY! having the honor (?) as the Twitter opiner.
But the best thing about this confidential S-1 will be watching the Internet work itself into a rabid lather waiting to see these numbers and then when we finally see then, everyone will crucify the company for lack of transparency, a piss poor business model, and financial reporting hocus pocus. GOOD TIMES AHEAD, PEOPLE.