Twitter May Commence IPO in November to Avoid Post-Holiday Slump (FB) (GRPN)
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The next hot tech IPO following Facebook's (Nasdaq: FB) debut in May 2012 will be Twitter. But, will investors have to wait long to get a piece of the action?
The NY Post today thinks not. According to the report, Twitter might go public as soon as November, probably ahead of the Thanksgiving holiday to avoid post-holiday ennui (not to mention a shift in investing from stocks to paying off credit card debt).
Twitter announced last week that it planned to go public and submitted a "confidential" IPO filing with the U.S. SEC, which is allowed for companies with less than $1 billion in annual revenue under the JOBS Act.
Twitter will need to disclose financial information 21 days before its "roadshow," or the period when execs travel around the country to give a presentation to analysts, fund managers and potential investors. An official IPO filing should be made within days following the roadshow.
The SEC is currently reviewing Twitter's filing and could impose a delay should it not see everything as being in order. Other tech IPOs that saw a delay include Facebook, Groupon (Nasdaq: GRPN), and Zynga (Nasdaq: ZNGA).
Those investors looking to play Twitter right now might consider investment firms GSV Capital Corp. (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC), which both have a decent chuck of their portfolios in the microblogging giant.
The NY Post today thinks not. According to the report, Twitter might go public as soon as November, probably ahead of the Thanksgiving holiday to avoid post-holiday ennui (not to mention a shift in investing from stocks to paying off credit card debt).
Twitter announced last week that it planned to go public and submitted a "confidential" IPO filing with the U.S. SEC, which is allowed for companies with less than $1 billion in annual revenue under the JOBS Act.
Twitter will need to disclose financial information 21 days before its "roadshow," or the period when execs travel around the country to give a presentation to analysts, fund managers and potential investors. An official IPO filing should be made within days following the roadshow.
The SEC is currently reviewing Twitter's filing and could impose a delay should it not see everything as being in order. Other tech IPOs that saw a delay include Facebook, Groupon (Nasdaq: GRPN), and Zynga (Nasdaq: ZNGA).
Those investors looking to play Twitter right now might consider investment firms GSV Capital Corp. (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC), which both have a decent chuck of their portfolios in the microblogging giant.
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