Twitter IPO much in demand


Twitter (TWTR) has reportedly attracted more than enough interest for its upcoming IPO to be oversubscribed

The demand comes even though Twitter's management, in the company's roadshow, have apparently refrained from outlining how it plans to break even.

Twitter intends to sell 70M shares at a price range of $17-20 each, although it could end up selling the stock for more than that and/or increase the number of shares it will offer.

The company is due to price the shares on Wednesday and start trading on Thursday.

Twitter intends to use the cash to go on a spending spree.

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Comments (2)
  • FalSal
    , contributor
    Comments (2) | Send Message
     
    In 2012 before FB IPO Revenue were around $5B Book Value around $12.7B IPO price was $38 That is a multiplier or 18 and 7 to both revenue and book value respectively.

     

    If for Twitter IPO price to be priced at $20 based on revenue and book value as of Q3 The multiplier will be 18 & 22 respectively.

     

    Based on the above facts the short term could be tricky
    4 Nov 2013, 06:46 AM Reply Like
  • al roman
    , contributor
    Comments (17129) | Send Message
     
    TWTR is cranking,right now !
    4 Nov 2013, 06:49 AM Reply Like
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