Monday, November 04, 2013

Twitter to close IPO order book early on Tuesday

I just noticed this statement in an earlier article on the NY Times DealBook:

Thanks to the strong demand for its stock, Twitter is planning to close the order books for its I.P.O. on Tuesday at noon, a day earlier than scheduled, according to people familiar with the matter.

Twitter still plans to price on Wednesday and begin trading on Thursday.

Maybe this means brokers will be able to inform us retail investors a day earlier whether we will be getting an allocation for the Twitter IPO.
But whether that means we are more or less likely to get an allocation remains to be seen.

-- Jack Krupansky


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