Seeking Alpha

Twitter hikes IPO price range to $23-$25

  • Twitter's (TWTR) hike, which comes amid strong demand for its IPO and a general belief its initial price range of $17-$20 was conservative, means the company is now set to raise $1.61B-$1.75B (by selling 70M shares), and sport an IPO valuation of $12.5B-$13.6B. (S-1)
  • Twitter shareholder GSV Capital (GSVC) is up 3.4% premarket on the news. The Firsthand Technology Value Fund (SVVC) might also trade higher.
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Comments (4)
  • James Sands
    , contributor
    Comments (2429) | Send Message
     
    Hmmmm,

     

    So anyone buying this on IPO date is going to be paying for a company with $16-20 billion market cap at a minimum now.
    4 Nov 2013, 10:36 AM Reply Like
  • JMstocks75
    , contributor
    Comments (250) | Send Message
     
    haveyou used twiiter on cell phone, stupid app ever made, major fail, I can I find now use for it. will not able to monetize
    4 Nov 2013, 02:08 PM Reply Like
  • troul
    , contributor
    Comments (13) | Send Message
     
    This is going to be a great short on opening day :)
    4 Nov 2013, 02:09 PM Reply Like
  • JPCrespo
    , contributor
    Comments (3) | Send Message
     
    troul--I thought you couldn't place short positions for several days if not months after a stick went public.
    4 Nov 2013, 09:38 PM Reply Like
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