Shares in Twitter could rise by at least 60% on the company's first day of trading in New York, early estimates suggest.
The social networking site, which began trading at 1430 GMT under the ticket symbol TWTR, had set a price of $26 (£16) for its public stock offering.
Although it may take some time for moves in the share price to become available, there are indications that investors may bet on potential growth at the company.
Some analysts estimated Twitter's share price could rise to $44, white others suggested it could end the day even higher - potentially up to $47, an increase of 81%.
The original price values the San Francisco-based micro-blogging site at more than $18bn (£11.2bn), based on its outstanding stock, options and restricted stock expected to be available after the initial public offering (IPO).
Twitter is trading under the ticker symbol TWTR The company is offering 70 million shares with an option to buy another 10.5 million.
Twitter boasts 230 million global users, including heads of state and celebrities.
However, the company lost $65m (£40m) in its most recent quarter and questions remain about its long-term prospects.
Twitter's stock market debut is the biggest of any technology firm since Facebook went public in 2012.
The floor of the New York Stock Exchange was busy with both traders and media, eager to see how the company would fair in its first few hours of trading.
Twitter had initially set a price range of $17 (£10.57) to $20 (£12.44) but raised the range on Monday signalling an enthusiastic response from prospective investors.
More follows...
Anda sedang membaca artikel tentang
Twitter Shares 'Could Rise To $47 Each'
Dengan url
http://junesstatical.blogspot.com/2013/11/twitter-shares-could-rise-to-47-each.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Twitter Shares 'Could Rise To $47 Each'
namun jangan lupa untuk meletakkan link
Twitter Shares 'Could Rise To $47 Each'
sebagai sumbernya
0 komentar:
Posting Komentar