Wednesday, October 09, 2013

Twitter IPO on November 15?

Mashable suggests that the Twitter IPO may occur on November 15:
They also report that the S-1 said that non-executive employees could first trade restricted stock on February 15, 2014, which is the first post-IPO hit that the stock could take. They worked backwards 90 days from that reported date to get the November 15 IPO date.
The remaining restricted shares, including executives and directors, would exit from lock-up 91 days after that, which would be May 17, 2014. Expect another hit to the stock around that time. If there is a hit, I'll be ready to buy on any significant dip.

-- Jack Krupansky


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