In the Valley of the Blind, the apologist passes for the sentinel.
Facebook’s anemic 2012 initial public offering has gone down in history as one of the great IPO flops. Twitter, it seems, is eager to avoid repeating Mark Zuckerberg’s mistake, with the Twitter IPO price set at a modest $17 to $20 per share.
San Francisco-based Twitter Inc. (NYSE: TWTR) has found a new home on Wall Street: the Big Board.
“We intend to list the common stock on the New York Stock Exchange under the symbol TWTR,” read Tuesday’s amendment to the company’s Form S-1 filing with the U.S. Securities and Exchange Commission.
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss how the big banks are putting Twitter stock on sale, and whether investors should buy once it hits the market.
According to some sleuthing from PrivCo, a New York-based firm engaged in the research of privately held companies, the Twitter IPO date is Nov. 15.
It used to be that companies went public after achieving a modicum of success. There were business models, calculations, and plans, all based on real results and proven success.
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