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

     
5:58 pm on Nov 4, 2013 (gmt 0)

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

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

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Clearly, the financial people know how to pump the price.
12:00 am on Nov 7, 2013 (gmt 0)

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

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

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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.