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That's because its pre-opening (IPO) price was $26. So for everyone who got shares before the public trading, their stocks are way up. (This is also why peopl
by kilovoltaire 13y ago
That's because its pre-opening (IPO) price was $26.
So for everyone who got shares before the public trading, their stocks are way up.
(This is also why people are saying that the IPO price was set way too low; insiders make tons of money but Twitter itself raises much less money.)
- grecy 13y agoIs there any way for the lay man to get in on an IPO like this, or is it purely for insiders? (I'm thinking about the next one...)
- joeblau 13y agoNo. It's only for accredited investors, and those that have connections into the deal.
- gkuan 13y agoActually, if you have an account at various retail brokers such as Schwab and Ameritrade, they have a trade IPO capability. For run-of-the-mill IPOs, it isn't a big deal and retail investors can get an allocation. For high-profile ones such as this one, you'll have to be an account holder with lots of money under their management and generate a lot of revenue for them to get preference in the allocation process.