Seems to be going better than Facebook's did so far:
Twitter shines in trading debut, up 73%
I have no idea if that price is justified or not. Just thought it was an interesting story. Could it really be worth 73% more than the IPO price though?
Twitter shines in trading debut, up 73%
Quote:
Twitter began trading on the New York Stock Exchange Thursday with an 80 percent gain in its stock price. Within a half hour, the stock had powered up 92 percent, to $50. Shares closed at $44.94, up nearly 73 percent. They were down less than 1 percent, to $44.67 in after-hours trading. The social network priced its IPO at a higher than expected $26 a share, and it rocketed to more than $48 at the open. |
I have no idea if that price is justified or not. Just thought it was an interesting story. Could it really be worth 73% more than the IPO price though?
via JREF Forum http://forums.randi.org/showthread.php?t=268194&goto=newpost
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