The Twitter IPO has been making news for a long time. The company has finally set the value of $26 per share for its first day of trading on November 7, 2013. Rumors estimated the value to go up as high as $28 per share but even at $26 per share Twitter will be able to make up a sum of $1.8 billion and reaching the final valuation of $18 billion.
The company tweeted about its estimated figures on November 6, posting all its values and credentials. In comparison to Facebook’s public offering, the price decided is low but then it is just apt for Twitter considering that the company yet to return any profits.
Ever since Twitter filed its public offerings and completed the paperwork for the IPO, the company is looking extremely positive and is set to show high growth in coming years.
via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/11/07/twitter-priced-at-26-a-share/
No comments:
Post a Comment