Twitter’s Projected IPO Price: Is it Too Low?

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Oct. 25 (Bloomberg) –- ZT Wealth Chief Economist Max Wolff, Bloomberg Contributing Editor Paul Kedrosky and Bloomberg’s Jon Erlichman discuss the Twitter IPO roadshow video presentation and the projected share price. They speak with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

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I also want to bring into our special panel paul kedrosky, an early-stage venture investor and former equity analyst.

We also have max wolf.

He is new york -- he is in new york.

Paul, we begin with you.

How convincing was the roadshow presentation?

We are sort about a point where people will be convinced by this roadshow.

There is not a lot of new information.

It is lovely to see dick pull out the charm.

I do not think there is a lot of new information.

Insofar as anyone being convinced, it will come out in questions during the roadshow.

I really missed the roadshows for back in the day.

I used to be on the other side of this thing.

It was always hilarious tried to prepare an answer questions and give data will completely giving the impression that you do not want to -- max, what about you?

We heard from dick costello.

Is the story believable?

Do you buy it?

I think i do.

There is a little bit of finesse going on in the video.

We are used to seeing this brilliant visionary leader who had the inspirational idea residing in a single individual who are told will guide the company.

Twitter has some coming and going.

I do not have a single visionary . bringing the three guys together was an artful way of creating their own composite, single visionary.

What about the messaging?

What about the messaging you heard from everyone in the video?

One thing that really stood out -- there was a moment in that video, the less glossy video that they do -- dick costello uses an example of an interaction between someone on twitter and a brand.

They tailored one photo for one person.

They had that we are different.

We do something that is different from plain, old banner ads.

Coming from the facebook facebook has a lot of users.

I do not know what the story is, that they have a lot of users.

That could be interesting.

Twitter does not have the same number of users.

It is not about the total number of users, but what they can offer on this different scale and why brands like that.

That definitely stood out to me.

What are you expecting to be the schedule here?

We are expect in pricing to happen on november 6 and trading on november 7. is that the timing that you are seeing as well?

Yeah.

That sounds just about right.

I think all of us wish we had the horseshoes that he had two days before the stock begins trading.

He's clairvoyant or something.

What do you think about the price?

It is cheaper than some were expecting they valuation to be.

-- the evaluation to be.

Is it too low?

If it is too high, people think you are trying to screw over the hightail investors.

If it is too low -- it was a very conscious effort by their sophisticated team to price this thing fairly aggressively and not give the impression of being -- with investors.

You have a lot of open market orders.

This is the cheapest i will ever see in my lifetime.

I better get my order in now.

It will have consequences.

That is assuming the pricing will hold on.

Would you agree with that, max?

Is it unlikely that it would happen?

I think by design, this is the anti-facebook offering.

There will locked on the private share trading, which they have done.

They will have 10 tens revenue not 20 times revenue.

They signed up with the new york stock exchange and not the nasdaq.

That being said, there is money for the company.

It is still an aggressive evaluation.

It is not aggressive for web 2.0.

This text has been automatically generated. It may not be 100% accurate.

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