Twitter to list on NYSE, will sell 50-55M shares in $1.5B IPO

Twitter will list on the NYSE and will reportedly sell 50-55M shares at $28-30 each, valuing the company at ~$15-16B, TheStreet's Chris Ciaccia says, citing people close to the situation.

"Nothing is concrete," Ciaccia notes, but assuming the numbers are accurate, the company will raise between $1.4-1.65B in the offering.

Publicly-traded Twitter plays: GSVC, SVVC

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Comments (5)
  • Tales From The Future
    , contributor
    Comments (7521) | Send Message
    I don't get this valuation, but since FB is valued at over 100bn right now...the comparables in the sector need to follow.


    Llet the buyers buy, I couldn't take the risks in these social-media stocks fully dependent on advertising revenue and selling, monetizing the user base data.
    24 Sep 2013, 09:14 AM Reply Like
  • James Sands
    , contributor
    Comments (2641) | Send Message
    Right now it isn't strongly clear how these companies will prosper, however, e-commerce is going to continue to grow significantly and these companies potentially will be significant factors as a medium.


    Sina, via Weibo is doing this, as is Criteo, a French-based ad-tech company.
    24 Sep 2013, 10:52 AM Reply Like
  • Atkins
    , contributor
    Comments (1049) | Send Message
    tftf, you are absolutely correct regarding the valuation. However, one look at the performance of social media stocks illustrates that they are on fire. For example, today, Yelp is already up big. Apple, on the other had, is barely chirping despite tremendously good news. The proof is obviously in the pudding, and in this Fed-manipulated market, high-flying mo-mo stocks are the way to make money (at least in the short and/or intermediate term). Fundamentals and logic are completely out the window (...for now...).
    24 Sep 2013, 09:59 AM Reply Like
  • Bouchart
    , contributor
    Comments (1105) | Send Message
    And how does Twitter make money? Has anyone ever bought a product that was advertised on a social network?
    24 Sep 2013, 11:11 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (9704) | Send Message
    Its about brand awareness as much as buying a product. I've gotten a Naked Juice coupon from a sponsored tweet.


    Remember that Twitter will have more than $500M in revenue this year.
    24 Sep 2013, 11:24 AM Reply Like
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