alberto -- of virgil -- scarlate.heng up on "bottom line," urban institute will talk about the high fees for tax preparers. the latest company to go public. is that it wise idea? ♪ >> welcome back to "bloomberg west." i am emily chang. it has been a rough month for tech stocks with the nasdaq dropping almost 5%. that has not stopped companies from filing to go public. twitter's stakeholders said they will not be selling shares. i'm joined now by leslie picker from new york. jiu mei.rt with they have a few months to allow the markets to temper a bit, to allow tech stocks to rebound. it's a little too soon to tell how this will impact their pricing, but it is an interesting timing for them. we have seen a rush of chinese companies looking to do ipo's in the u.s.. that is a sure sign it will not stop anytime soon. >> in retrospect, is twitter's timing last year looking perfect now? >> pretty perfect. they saw i-70 3% -- 73% pop on the first date of trading. you see a lot of the momentum that benefited twitter coming down