A few weeks ago they were talking about an IPO price for Twitter at $12. Last night they priced it at $26. This morning it will open north of $46. They lost $69 million last quarter. Can you say top of the market in 140 characters or less? Sometimes they do ring a bell at the top. Now where is my Pets.com prospectus?
Twitter Pricing Update: $42-46
Submitted by Tyler Durden on 11/07/2013 09:56 -0500
It just gets better and better: TRADING RANGE: TWTR (NYSE): 42.0000-46.0000
As a reminder, at $44/share, Twitter’s valuation rises to $31 billion!