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Twitter (TWTR) IPO Small, Likely to be Oversubscribed
October 4, 2013 9:13 AM EDTOn Thursday Twitter (TWTR) released its S-1, giving investors insight into its upcoming $1 billion IPO. In the view of Wedbush analyst Michael Pachter, the IPO size is smaller than expected and likely to oversubscribed. This implies that only a small percentage of Twitter shares will be offered to the public. In his view, the reason for this could related to difficulties with Facebook's (Nasdaq: FB) IPO.
"In our view, Twitter's relatively small initial public offering is intended to avoid the issues experienced by Facebook... More
