Map of twitter’s road show:
Alibaba, partly (24%) owned by Yahoo, is planning to go public in the US instead of in Hong Kong.
Experts are guestimating that this will occur in the first half of 2014:
Such a move would very likely push a U.S. listing by Alibaba into the first or second quarter of next year, as it would take time for the company to clear regulatory hurdles and adjust its accounting to conform to U.S. rules.
It would also put the offering in competition with Twitter’s — if the U.S.-based firm hasn’t executed its IPO by then.
Additionally, going public between Thanksgiving and April 15 tax day is a bad idea:
the time between Thanksgiving and tax day on April 15 has been a graveyard for previous tech IPOs. Zynga’s lackluster offering in December 2011 is a prime example.
Quartz also claims that:
Twitter’s IPO filing is ready, and the company intends to make it public this week, according to someone familiar with the plan.
USA Today – Alibaba’s growth woes a lesson for Twitter IPO? - http://www.usatoday.com/story/tech/columnist/shinal/2013/09/29/alibaba-yahoo-twitter-ipo/2883561/
Quartz - Twitter plans to make its IPO filing public this week - http://qz.com/129205/twitter-plans-to-make-its-ipo-filing-public-this-week/#129205/twitter-plans-to-make-its-ipo-filing-public-this-week/
It seems like most things are still just speculation about the Twitter IPO, such as thestreets.com‘s claim that,
The company may sell between 50 million and 55 million shares in the offering, with pricing between $28 and $30 per share, raising anywhere between $1.4 billion and $1.65 billion in the offering. That would value the company around $15 billion or $16 billion.
…the IPO should happen at the end of the year or early next year… However, given that it was stealth filing, he cautions that the filing could have taken place three months before that without any obligations for the company to reveal the action until now.
The one thing that doesn’t seem to be speculation is that Twitter will list on the NYSE rather than on NASDAQ:
Looking to learn from the past, social media company Twitter will list on the New York Stock Exchange in an IPO estimated to net around $1.5 billion, sources close to the situation have said.
Will this affect whether you buy the stock or not?
Exclusive: Twitter Picks NYSE for $1.5B IPO - http://www.thestreet.com/story/12045151/1/exclusive-twitter-picks-nyse-for-15b-ipo.html)
Before twitter goes public, they are looking to get a $1 Billion line of credit according to the New York Post:
Twitter is seeking a credit line — for working capital purposes — of $500 million to as much as $1 billion ahead of its IPO, sources familiar with the situation said.
This type of IPO is for companies making under a billion dollars annually.
Despite the confidential filing, this does signal that Twitter is making less than $1 billion in annual revenue. That’s generally in line with third party estimates. EMarketer in March estimated Twitter’s revenue at $582 million this year and close to $1 billion in 2014.
See the full Forbes article here:
Mark Zuckerberg at Disrupt 2013 discussing IPO’s…
If you were paying very close attention you might have seen the clues…
Huff Post writer Dino Grandoni thinks that Twitter’s IPO will be the biggest deal since Facebook’s IPO:
In what will likely be the largest initial public offering since Facebook’s botched debut on NASDAQ in 2012…
He also explains that Facebook had many issues during their IPO and that Mark Zuckerberg had regrets about not going public sooner.
See the full article here: