Twitter prices IPO at $26 per share
By Aaron Pressman | YahooFinance – 14 hours ago
Twitter, the quirky 140 character messaging service that’s become a global phenomenon, priced its initial public offering at $26 per share, valuing the seven-year-old company at over $18 billion.
Twitter (TWTR) will raise $1.8 billion to fund future expansion by selling 70 million shares, which will open for trading on Thursday morning on the New York Stock Exchange. Some analysts say the shares are worth $50 or more, so the price could explode higher once trading begins.
Started in 2006 as a simple way to share short messages and status updates among friends, Twitter has grown to 232 million active users who post 500 million tweets per day about everything from personal thoughts to celebrity gossip and breaking news.
https://finance.yahoo.com/news/twitter-raises–xx-billion-in-ipo-190114410.html
Opens at $45.10. Trading above $47
Some hedgies with an inside line with the sell side made a lot of money today.
Not the small fries like me though. I might buy on the dip. Twitter, unlike FB, has s real future in news media. It’s like an unedited newswire that anyone can access…with some development it could evolve into a cornerstone of the journalism industry.
how can twitter be ‘monetized’? Advertising? at some point it has to make a profit or lose investor’s interest