Quattrone Says IPOs Can’t All Go to Morgan Stanley and Goldman

Frank Quattrone, the banker who managed almost 200 technology initial public offerings in the 1990s, said companies should look beyond Morgan Stanley and Goldman Sachs Group Inc. for banks to lead their debuts.

One of those two firms has been the primary manager on every high-profile technology IPO in the past year, including LinkedIn Corp., Groupon Inc., Zynga Inc. and Yelp Inc., with Morgan Stanley picked to lead Facebook’s upcoming offering. Getting other banks to lead would enable more companies to go public, Quattrone said yesterday at a conference in Menlo Park, California.