The hottest IPO of 2013 hit the market today, and Twitter (NYSE: TWTR) stock lived up to its hype... (today, anyway).
Shares of Twitter opened at $45 a share, 73% above its initial public offering price. Within minutes, shares surged another $5 to $50.08 a share, up nearly 90%.
TWTR ended the day at $44.94.
Shares began trading on the New York Stock Exchange around 10:50 a.m. Thursday under the symbol TWTR. Thirty-eight million shares changed hands within 10 minutes. Unlike Facebook Inc.'s (Nasdaq: FB) IPO fiasco, Twitter's debut went off without a hitch.To continue reading, please click here...
Twitter IPO Is Out of the Gate – and Reality Is Out the Window
The Twitter (NYSE: TWTR) hype machine is in full gear, and the first trades are now indicating $45, up 73% from the $26 pricing last night.
If the stock market were a pinball machine, it would read "tilt."
Twitter's gross revenue is slowing. It's up only 6.1% in Q3 2013 from a year ago versus 10.6% in 2012 and 17.1% in 2011.Here’s how those investors were hoodwinked…
Twitter IPO Price Conservative at $11 Billion; Date Moves to Nov. 6
Facebook's anemic 2012 initial public offering has gone down in history as one of the great IPO flops. Twitter, it seems, is eager to avoid repeating Mark Zuckerberg's mistake, with the Twitter IPO price set at a modest $17 to $20 per share.
At that price range, the offering of 70 million shares will raise between $1.1 and $1.4 billion for the company. It will give the company an initial market capitalization around $11 billion, excluding warrants, options, and restricted stock units.there's something you should know about the latest tech darling...
Twitter Stock to Trade as NYSE: TWTR; IPO to Price Nov. 14
San Francisco-based Twitter Inc. (NYSE: TWTR) has found a new home on Wall Street: the Big Board.
"We intend to list the common stock on the New York Stock Exchange under the symbol TWTR," read Tuesday's amendment to the company's Form S-1 filing with the U.S. Securities and Exchange Commission.
Twitter's roadshow to meet with potential investors will take place from Oct. 28 to Nov. 6. The stock is expected to price Nov. 14 and begin trading on Nov. 15, CNBC reported.
The Twitter IPO is one of the most hotly anticipated initial public offerings of 2013 - but the company faces a number of obstacles.To continue reading, please click here...
Why Twitter Stock Is "On Sale"?
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss how the big banks are putting Twitter stock on sale, and whether investors should buy once it hits the market.
Twitter's IPO: #Countmeout
It used to be that companies went public after achieving a modicum of success. There were business models, calculations, and plans, all based on real results and proven success.
Now it's all about potential.
There are still plans and projections, but proven success has been hard to come by.
Remember, Pets.com had a plan. It was going to change the way we took care of our animal buddies. Only, it didn't. And now it's gone.
Kozmo.com was supposed to be a messenger service that embodied online delivery. It's gone, too.
Epidemic.com? Gone. WebVan? Gone. Lastminut.com? Gone. Dr. Koop? Gone.
Despite the media hoopla at the time, investors were ultimately left high and dry. And now it could happen again...
Twitter, the micro-blogging social media darling, has finally filed for its much ballyhooed IPO. And the valuations being assigned to it range from $12 billion to as much as $25 billion.
That's asinine for a company that hasn't shown any profit potential.
Twitter Inc. may make a fine trading instrument, as long as the party continues. But as an investment?You can #countmeout...