Twitter priced at $26 and hit $45 on the first day of trading.
Needless to say, it seems likely that only the best accounts of the investment bankers were able to buy at the offering price.
If you did get an allocation, should you sell? Not too fast, you do not want to antagonize your friendly investment banker.
Should you short? Maybe, but why not wait until the stock has set up a pattern. Seems to me it will not hold this price, but why get in the way of a moving freight train? Wait for it to slow down.
In the meantime, consider the instant wealth created by the IPO.
Twitter's executives and directors have a paper profit of over $ 3 billion.
Stories like this may create demand for your new issue and give your employees an reason to take stock options.
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