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According to the SEC filing, Twitter will trade under the symbol TWTR, though no exchange, pricing, or share information was listed.
But the Twitter stock IPO – which is on track to start trading sometime late this month or in early November – does not figure to have a lot in common with the Facebook IPO other than that both are social media stocks.
Facebook quickly fell below its offer price of $38, eventually sliding as low as $18 until starting to climb back up. In August of this year – 15 months after the IPO – Facebook finally surpassed its offer price.
And then there was the trouble on the day of the IPO, when technical glitches delayed trading of the shares for two hours.
But in recent months, Facebook's strong recovery – it's currently trading at about $50 and could go much higher if its mobile ad revenue continues to increase – seems to have cured the hangover that had put other social media stock IPOs on ice.
In fact, many social media stocks have had a very strong 2013, making the atmosphere for a Twitter stock IPO just about ideal.
In addition to Facebook (up 89% year to date), LinkedIn Corp. (NYSE: LNKD) is up 119% this year, Yelp Inc. (NYSE: YELP) is up 278%, Pandora Media Inc. (NYSE: P) is up 194%, and even oft-criticized Groupon Inc. (Nasdaq: GRPN) is up 142%.
But like Facebook, nearly every social media stock has proven to be volatile, with most spending long periods below their IPO price.
Clearly, mistakes have been made when it comes to social media IPOs.
"Certainly the crew at Twitter has had ample opportunity to study recent history and draw whatever lessons they can from it," Kevin Landis, whose Firsthand Technology Value Fund has a substantial stake in the San Francisco social media company, told the Los Angeles Times.
Here are five reasons the Twitter stock IPO will not suffer the same fate as Facebook's…
About the Author
Dave has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.