It may be the most hotly anticipated initial public stock offering since Facebook Inc. But Twitter Inc. is doing all it can to distance itself from the Facebook fiasco, which has become a case study on how not to take your company public.
“Certainly the crew at Twitter has had ample opportunity to study recent history and draw whatever lessons they can from it,” said Kevin Landis, whose Firsthand Technology Value Fund has a substantial stake in the San Francisco social media company.
For one thing, Twitter is likely to price its shares more modestly so it has room to grow once it goes public, analysts say, and probably will offer a smaller percentage of the company than Facebook did to goose demand.
Twitter’s caution was apparent Thursday when it announced via a surprise tweet that it had confidentially submitted paperwork to begin selling stock to the public.
Read also:
With Facebook's Tumultuous IPO in Mind, Twitter Tries to Value Its Shares (New York Times)
Twitter's IPO Plan: Don't Do What Facebook Did (Wall Street Journal)
Will Twitter avoid Facebook's IPO flubs? (CNN)
Explore: 896 additional articles.
From Our Sponsor
