As I’ve mentioned before, Twitter is not wasting any time getting its IPO done. My take is that the Twitter IPO will likely happen sooner rather than later because the company does not want to miss the surge in social stocks, as seen with the huge gains in companies like Facebook (FB), Groupon (GRPN), Pandora (P) and LinkedIn (LNKD).
Now, there’s more evidence of Twitter’s need for speed. That is, it appears that the Twitter IPO will happen on Nov. 15.
This was not revealed intentionally, though. See, if you take a look at an early draft of the S-1, the company mentioned that the lock-up period will expire on Feb. 15, 2014 instead of leaving the date blank, as an analyst from PrivCo noticed.
That date is when insiders are allowed to sell their shares and, for the most part, the lock-up expiration comes six months after an IPO.
Of course, this does not mean the Twitter IPO will definitely happen on Nov. 15. After all, there are cases where companies have shorter lock-up periods. Or the Twitter IPO could easily encounter some snags. In light of the federal government shutdown, the Securities and Exchange Commission may not have the bandwidth to provide for a timely review of the filings.
Regardless, it is understandable that Twitter has been on the fast-track. As seen this week, social stocks can definitely be volatile.
Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.