Msg#: 4621110 posted 6:21 pm on Nov 4, 2013 (gmt 0)
Okay I don't want to hog WW so one last comment on this thing and I'll get out of ya'll hair for the day.
I was reading an article elsewhere yesterday related to this.
Apparently it's an industry standard practice to pump the price 2 times after the "initial" value is introduced.
So, according to that we should probably expect to see it go live a few more dollars higher.
It's a break it to them gently tactic to get more value for the early gamblers who will sell portions of their shares on opening day to cover their up-front-money. It's inflating the share prices above what they know they are really worth initially.
Msg#: 4621110 posted 12:00 am on Nov 7, 2013 (gmt 0)
From the NY Times today:
On Wednesday, Twitter set the price of its initial public offering at $26 a share, valuing the company at roughly $18 billion. Twitter shares are set to begin trading Thursday on the New York Stock Exchange.