Twitter upped its initial public offering price range to $23 - $25 on Sunday, an updated filing with the Securities and Exchange Commission shows. The micro-blogging site, which is imminently set to float onto the New York Stock Exchange, said that it had hiked its IPO share price range after talking to the company's …
facebook IPO territory?
$23-$25 will briefly be topped, then drop to below 20 and stay there until their business plans become clearer (ie they start to generate more revenue than hype)
Pump and dump
Party like it's 1999
FFS did we learn nothing from dotcomboomandbust1.0??
A fool and his money
fit nicely into 140 characters or less
200 million active users
Anechdotes and evidence...
I've run a few classes over the last few weeks and out of interest asked if any of the students would invest in Twitter. I've put up the basis of the deal from the actual offer documents, and just done a straw poll. To make it a little more scientific I did ask all of them to close their eyes before holding their hands up (there is comfort in numbers in these things, so I wanted to stop that). So far out of around 150 students only three, yes, three would invest. It's not a good representation, but it's all I have.
My point - I feel a bit better. As if some of the future has some common sense.
I agree with James. Now we should have a pool on what the stock will be worth, say, one week after the IPO.
I pick $15.
NB I don't say I believe Twitter is "worth" $15 a share. I don't believe it is worth anything as a public company - yet. Give it a year or two and who can say?
Of course, I expect that the tweeting masses will be seeing some unwelcome changes as the company shifts its focus.
You could always do this in reality by shorting it.
Get your chequebook out.....
Can't short on an IPO, dimwit. But if I wait a bit I can do so in the nude.