Getting Ahead of a Twitter IPO

The Fed chairman succession news and another tragic shooting, this time in Washington D.C., have pushed the Twitter IPO to the back burner, but it will come back front and center. I had a lot of experience with Facebook (FB) in the private market before its initial public offering and again with Twitter. In previous columns, I noted several contrasts between FB and Twitter. The most notable has been the greater difficulty acquiring Twitter shares and the restrictions associated with them. One thing that has not changed is investor action.

Fundraising was slow for FB until the S-1 was filed with the Securities and Exchange Commission. Then, investors flooded into private shares looking for the quick pop on a short-term hold. Ironically, in December 2011 it was hard to give away shares. No one wanted to wait and folks were hesitant on the market. At the time, the private market was below $30 for FB. Just before FB went public, shares were trading in the low $40s, which would have been a nice gain from December through early May....413 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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