Twitter IPO reportedly oversubscribed, likely to price above range

Bloomberg reports Twitter's (TWTR) IPO has been oversubscribed, and is likely to price above its just-elevated price range of $23-$25.

GSV Capital (GSVC -1.4%), which has already rallied strongly this year thanks to Twitter-related hopes, is ticking lower today. But the Firsthand Technology Value Fund (SVVC +2.6%) is rallying.

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Comments (2)
  • Yorick
    , contributor
    Comments (796) | Send Message
    Really, what a shock...said 3 weeks ago it would come out at $ to $55 and then back down to $45 for consolidation...$100 by 2015 because the HFT momo are finding fewer stocks to hit but Twitter has all the hallmarks of TSLA, NFLX, AMZN and CRM..."eventually" they will win and see profitability...might have to wait a decade for them to kill off competition.
    4 Nov 2013, 03:39 PM Reply Like
  • edwardbee
    , contributor
    Comments (45) | Send Message
    Good call, Yorick.
    7 Nov 2013, 07:05 PM Reply Like
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