It wasn't Facebook's fault, but the IPO also was affected by trading glitches which delayed the start of trading by 30 minutes. The $38 IPO price wouldn't be … Read more
Well, this is meta. The news of Twitter announcing its IPO share price has failed to garner enough attention to be listed among the social network's trending topics.
Twitter set the price for its IPO at $26 per share on Wednesday and is expected to begin trading under the ticker symbol TWTR on the New York Stock Exchange tomorrow.
But what do tweeters have to say about it?
Hundreds of tweets are being thrown around mentioning the share price and the fact that Twitter will soon be a public company. And several Twitter IPO related hashtags can be seen, … Read more
Twitter and its bankers set the price for its IPO at $26 per share this afternoon, with everything set for shares of TWTR to begin trading tomorrow on the New York Stock Exchange. It's the most anticipated -- and hyped? -- IPO since Facebook went public in May 2012.
And Twitter execs hope the comparisons to Facebook's IPO, which was met by eager sellers and technical glitches, ends there.
Mobile payments company Square may go public next year, The Wall Street Journal reported Wednesday.
The company has been in discussions with banks, including Goldman Sachs Group and Morgan Stanley, about holding a 2014 initial public offering, a "person familiar with the matter" told the Journal. But, nothing is set yet. The same source said the company has yet to hire any of the banks and the timing of a deal could change, according to the report.
Square declined to comment on the report.
If true, Square CEO and Co-founder Jack Dorsey will be tackling two initial public … Read more
With its IPO scheduled for tomorrow, Twitter plans to price its shares at around $27, according to CNBC.
Earlier this week, the social networking giant said it planned to ask for between $23 and $25 a share. But CNBC reported this morning that the company has upped the amount to $27.
That's if, CNBC cautioned, "market momentum" holds for Twitter's shares. The company has been on its IPO road show, hawking its shares to Wall Street investors.
Twitter said last month it expected to sell 70 million shares initially, but later the company indicated it might … Read more
Picture this: The sitting president of the United States wins a resounding victory at the end of a long, hard-fought, and often bitter campaign. Afterward, The New York Times trumpets how many readers it got on election night, and without fail, a ton of other media outlets feverishly repeat the numbers.
Awfully ridiculous. Obviously. There's no doubt that the Times would attract a giant audience for such an important historical event. In fact, few people outside the publishing industry would bother talking about the size of that audience.
But that's more or less what happens each time Twitter … Read more
Twitter becomes a public company on Thursday, but if you don't have the time or the stomach to leaf through the 200-plus page prospectus before then, here's a guide to get you past the clutter.
Price range: $23-$25 What it means: The social network is being far less conservative than initially planned, which should affect if much the stock pops on opening day. The range makes Twitter worth as much as $13.9 billion. The company may even price higher on the eve of its IPO.
Proceeds: $1.62 billion-$1.86 billion What it means: This … Read more
Twitter faces a charge of patent infringement from IBM in the midst of its quest to go public.
In an amendment to its recent S1 document filed with the Securities and Exchange Commission, Twitter revealed on Monday that IBM has accused it of violating three patents. The patents in question are: U.S. Patent No. 6,957,224 - Efficient retrieval of uniform resource locators, U.S. Patent No. 7,072,849 - Method for presenting advertising in an interactive service, and U.S. Patent No. 7,099,862 - Programmatic discovery of common contacts.
For now, Big Blue is … Read more
Twitter is now looking to raise even more money in its plan to go public.
On Monday, the company boosted the price of its initial public offering to $23 to $25 per share, up from $17 to $20 previously, according to a new filing with the Securities and Exchange Commission.
Twitter said in October that it planned to offer 70 million shares initially but could increase that amount to as high as 80.5 million. An offering of 70 million shares at $25 a piece would raise up to $1.75 billion. The IPO is expected to be priced this … Read more