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Twitter Prices Coveted IPO at $26 a Share

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#1 Hum

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Posted 07 November 2013 - 10:28

Ahead of its highly-anticipated public debut, Twitter priced its initial public offering Wednesday evening at a $26 per share, which is 40% above the social-media company’s earlier range.

The valuation highlights the strong demand for the micro-blogging company, whose potential has captured the imagination of investors but financial profile remains immature. Twitter has yet to turn a profit, has seen its losses accelerate and is valued at a relatively expensive level when compared with other recent tech IPOs.

In a tweet, Twitter revealed it priced its shares at $26 a piece, allowing it to raise as much as $2.1 billion. By raising that amount, Twitter will become the second-largest Internet IPO by an American company, behind Facebook’s $16 billion but just ahead of Google’s $1.92 billion, according to Dealogic. At that price level, Twitter would have a market capitalization of $14.4 billion.

 

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Twitter, which was founded in 2006 and is based in San Francisco, originally expected to price its IPO at $17 to $20 per share, but then raised that range to $23 to $25 due to strong demand. Reports on Wednesday indicated it could price as high as $28.

The company is set to debut on Thursday on NYSE Euronext's (NYX) New York Stock Exchange under the ticker symbol “TWTR.”

 

Twitter, which allows its 230 million active users to post 140-character messages, has become a valuable tool for celebrities, advertisers, journalists and even investors. Today, more than 500 million tweets are shared on the service each day.

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#2 goodbytes

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Posted 07 November 2013 - 11:10

Is it easy for someone in the UK to buy US shares, is it worth it? wouldn't mind giving it a go.



#3 OP Hum

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Posted 07 November 2013 - 11:12

^ You should be able to buy from NYSE Euronext.

 

Euronext started in 2000 as a corporation operating stock exchanges in several European countries. The most important is the Paris Bourse, but it also has operations in Portugal, Belgium, the Netherlands and the UK. As a result of a buyout bid by the New York Stock Exchange in 2006, the two merged into NYSE/Euronext—possibly the first intercontinental stock exchange operation. As of the end of 2007 about 3900 companies were listed on NYSE/Euronext including 1744 European firms.

 

 

http://www.ehow.com/...s-euronext.html

 

http://www.ehow.com/...t-euronext.html



#4 OP Hum

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Posted 08 November 2013 - 05:56

Twitter (TWTR) whipped Wall Street into a frenzy on Thursday as the social network debuted as a public company by soaring more than 72% above its initial public offering price.

However, retail investors who bought shares at the opening price of $45.10 actually lost money as Twitter closed at $44.90. The micro-blogging company priced its IPO at $26 a piece Wednesday night, which was above its expected range of $23-$25.

Unlike Facebook (FB), Twitter's IPO generated a huge first-day pop, underscoring how intrigued investors are with its potential and their willingness to shrug off its relative financial immaturity.

Twitter, which has yet to turn a profit and has actually seen its losses accelerate, raised $2.1 billion in its IPO, making it the No. 2 U.S. Internet IPO behind Facebook’s $16 billion and just ahead of Google’s (GOOG) $1.92 billion.

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#5 Torolol

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Posted 09 November 2013 - 03:30

so, when will this bubble burst ?



#6 OP Hum

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Posted 09 November 2013 - 12:33

^ When Bieber retires :laugh:





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