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)
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 …
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.
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