With Twitter Inc.’s highly anticipated initial public offering expected this week, Americans aren’t exactly crazy about the investment opportunity, according to the results of a Twitter IPO survey carried out on behalf of The Associated Press and CNBC.
Among the 1,006 respondents in the random-digit-dialing telephone survey on Oct. 25-27, 36 percent said buying shares in the microblogging-service company would be a good investment and 47 percent said purchasing them would not be a good one, AP reported Monday.
In contrast, the news agency noted, before the Facebook Inc. (NASDAQ:FB) IPO in May of last year, 51 percent of Americans said buying shares in the social-media firm would be a good investment and 31 percent said purchasing them would not be a good one.
The margin of error on results based on the full sample of the poll conducted by GfK Roper Public Affairs and Corporate Communications is plus or minus 3.0 percentage points.
In the Twitter IPO, the company anticipates selling 80.5 million shares at a potential price between $17 and $20 a stub as it raises about $1.6 billion, according to a U.S. Securities and Exchange Commission form filed by the firm Oct. 24. The shares’ actual price will be determined Wednesday, and trading in them under the New York Stock Exchange symbol TWTR will launch Thursday, AP said.