Twitter IPO This Thursday (11/7/13) Stock Oversubscribed at $25

It seems that Twitter might be one of the better IPOs of the year.

Twitter (NYSE:TWTR) announced today that it would price its initial public offering at $23-$25 per share, up from its first estimate of $17-$20. Additionally, later in the day it was reported that the stock was oversubscribed by several times at the $25 price, indicating that the IPO could price well above the proposed range. The books close tomorrow and the stock will be available for trading on Thursday morning.

My prediction is that it goes to about $35 before it spins while waiting for earnings. If mobile earnings are blow-out then you will see the stock go up above $40. I have a prediction that this will be the stock on everyone's lips for the next few weeks at least. Hopefully, we don't have that disaster roll-out that Facebook had.