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Twitter Pushes Its IPO Share Price Up To $23 - $25 Each

     

engine

5:58 pm on Nov 4, 2013 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



Final pricing is on Wednesday, with the IPO being on Thursday.

On Monday, the company boosted the price of its initial public offering to $23 to $25 per share, up from $17 to $20 previously, according to a new filing with the Securities and Exchange Commission.Twitter Pushes Its IPO Share Price Up To $23 - $25 Each [news.cnet.com]


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Twitter expects to raise up to $1.4 billion in IPO [webmasterworld.com]

SevenCubed

6:21 pm on Nov 4, 2013 (gmt 0)

WebmasterWorld Senior Member 5+ Year Member



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.

engine

6:26 pm on Nov 4, 2013 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



Clearly, the financial people know how to pump the price.

travelin cat

12:00 am on Nov 7, 2013 (gmt 0)

WebmasterWorld Administrator travelin_cat is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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.


[nytimes.com...]

engine

9:09 am on Nov 7, 2013 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



Twitter's own tweet on the pricing.

"We just priced our IPO."
[twitter.com...]

Having sold 70 million shares at $26 each, it's raised $1.82 billion

Sgt_Kickaxe

3:49 pm on Nov 9, 2013 (gmt 0)

WebmasterWorld Senior Member sgt_kickaxe is a WebmasterWorld Top Contributor of All Time 5+ Year Member



Price is over $46 now, if you bought already, sell now. The price will drop back to the $25-$30 range over the next six months. It's trading at too high a multiple of earnings.
 

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