CNBC: Twitter IPO tentatively set for Nov. 15

Sources tell CNBC Twitter (TWTR) has set Friday, Nov. 15 "as a tentative date to begin trading." An early version of Twitter's S-1 unearthed by PrivCo had already pointed to a Nov. 15 IPO date.

Twitter's IPO roadshow is expected to start on Oct. 25, and end about a week before the tentative IPO date. CNBC, paraphrasing a source: "Better to speed the deal up if demand is high, than delay it and risk spooking investors."

The report comes a day after Twiiter released an update S-1 that accounted for its Q3 results, and announced it would list on the NYSE. Twitter IPO plays GSV Capital (GSVC +1.5%) and the Firsthand Technology Value Fund (SVVC +1%) are following markets higher.

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Comments (1)
  • paulmichael
    , contributor
    Comments (149) | Send Message
    In the case where people might be worried about a blowoff for GSVC shares value after IPO for Twitter, it seems likely the banks arranging the IPO are more savvy at making sure a FB scenario does not play out again. More than likely Twitter will fly, without overinflated prices to market. NYSE is a great alternative to the Naz here.
    17 Oct 2013, 12:11 AM Reply Like
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