Facebook (Nasdaq: FB) stock still has a lot to prove if it wants to win over value investors, but it took a big step in that direction Wednesday with the announcement of its addition to both the S&P 500 and S&P 100 Indexes.
This year has seen the busiest U.S. IPO market since 2007, with 199 companies already going public.
Their performance has investors fearing we’ve hit IPO market bubble territory.
The highly publicized Twitter IPO (NYSE: TWTR) has stolen the headlines this week, but a slew of other initial public offerings hit the market as well…
In fact, 16 IPOs priced this week, for a total value of $4 billion.
A lot of people got rich on Twitter (NYSE: TWTR) stock following the Twitter IPO this week.
Especially after it opened 73% above its IPO price at $45.10.
The Twitter (NYSE: TWTR) hype machine is in full gear, and the first trades are now indicating $45, up 73% from the $26 pricing last night.
If the stock market were a pinball machine, it would read “tilt.”
Thursday, micro-blogging site Twitter (NYSE: TWTR) will debut as a publicly traded company on Wall Street’s Big Board. Many analysts – including those at Money Morning – will steer clear of the hotly anticipated IPO – but TWTR has had no trouble generating investor interest.
The San Francisco-based company even increased its price range Monday on roughly 70 million shares from $17 to $20 per share to $23 to $25. The move values the company at a whopping $13.9 billion, or 26 times its revenue over the last 12 months. Twitter hopes to raise as much as $1.75 billion.
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.
The People’s Bank of China said it will raise the benchmark lending rate by 25 basis points to 5.81 percent and lift the benchmark deposit rate by 25 basis points to 2.75 percent.
The central bank said in a statement on its website (www.pbc.gov.cn) th…