Showing posts with label Twitter. Show all posts
Showing posts with label Twitter. Show all posts

November 7, 2013

5 Things to Know About Twitter's IPO

When the markets open Thursday morning, Twitter will officially become a public company. The microblogging service begins trading on the New York Stock Exchange starting at 9:30 a.m. ET under the ticker symbol TWTR. Here are five things you need to know about Twitter's IPO. 1. The magic number is $26. Twitter priced shares at $26 a pop, above the $23-$25 that had been predicted. The $26 price values the company at $18.34 billion. That's more than Macy's, which has a market capitalization of $17 billion, and Bed Bath & Beyond, which is around $16 billion. According to markets service Dealogic,...