Twitter shares up 73% of the predicted

radjab By radjab, 8th Nov 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/40srt3qx/
Posted in Wikinut>Business>Selling A Business

IPO (IPO) of shares on microblogging site Twitter to close at U.S. $ 44.90 or 73% higher than the initial price of U.S. $ 26 per share.

Twitter banners installed outside the building to celebrate the surge in stock prices.

The closing price is much higher than that previously offered starting Earn U.S. $ 17 per sheet.
This means that on his first day as a public company, Twitter is now worth more than U.S. $ 31 billion.
More than 13 million shares traded after the sale started one hour after the New York Stock Exchange (NYSE) is opened.
Twitter decided to give up its shares on the NYSE and on the Nasdaq, as did Facebook on IPO earlier.
This is a great victory for NYSE and then decorate the outside of the building with promotional banners on Thursday (07/11) local time.
Twitter has over 230 million users, but so far not managed to achieve a profit. According to the IPO documents, these users send 500 million tweets per day.

Fluctuating

Sales price at IPO is often volatile.
Within minutes, Twitter share price jumped more than 80% before closing just below the initial opening price of U.S. $ 45.10 per share.
When Facebook was launched on the Nasdaq, shares are released at the inaugural U.S. $ 38 per sheet. Stocks jumped a few hours after the sale to reach the highest point up to U.S. $ 45, but then the price dropped.
Although successful in the IPO, Twitter's financial performance is still under intense scrutiny since the company was still losing money.
Twitter lost $ 69 million in the first six months of 2013, with revenues of only U.S. $ 254 million. Approximately 85% of revenue comes from advertising on its site.
Mary Jo White, the head regulator and the securities commissions in currency trading the U.S. warned investors to be careful with the calculations used by technology companies such as Twitter, as investors may be overwhelmed at the size of the numbers in the data.
"In the absence of a clear picture, the possibility of translating large numbers as a big advantage for the company," he said in his speech. "But it is not necessarily."

Tags

Predicted, Shares, Twitter, Twitter Shares, Twitter Shares Up

Meet the author

author avatar radjab
iam write about entertainment, health, news, sports, tips, scince, business, etc.

Share this page

moderator johnnydod moderated this page.
If you have any complaints about this content, please let us know

Comments

author avatar Retired
30th Nov 2013 (#)

Hello Dear, how are you doing today? am ( Miss rose) i visited your lovely profile today and am interested in knowing more about you. please kindly write me back directly to my private email address is(roseapia_2013@yahoo.in )for you to know more about me. I believe knowing each other will help us in future communications. please write me directly to my email address here (roseapia_2013@yahoo.in ) .

Reply to this comment

Add a comment
Username
Can't login?
Password