Boston, MA 11\/07\/2013 (wallstreetpr) \u2013 Twitter, the new kid on the block at New York Stock Exchange market, is expected to trade its stock at around $45 and $46 per share. This would be more than 75% increase in its stock value from the initial public offering price of $26 per share.<\/p>\n
The social media networking company, just like Facebook last year, had been hit with escalating interest in its shares among investors, leading to upward reviews of the share prices a number of times. The initial offering price for the 70 million shares was set at $17-$20. When the San Francisco-based company realized interest in its shares was growing, it raised the price to between $23 and $25. Finally the shares were floated on NYSE at $26 per piece, giving it $14.2 billion in valuation.<\/p>\n
Twitter trades on the NYSE platform with the ticker identity of \u201cTWTR\u201d. Thus, its full identity on the browser is \u201cTwitter Inc. (NYSE:TWTR).<\/p>\n
Twitter is the latest high profile tech company to avoid the traditional tech stock platform of NASDAQ. It appears the company sought to avoid the trouble which Facebook faced when its stock crashed on NASDAQ soon after the IPO, thus putting it at odds with investors, without forgetting its long recovery journey since that damage.<\/p>\n
The Nov. 7 initial offer of Twitter seems to have excited investors. However, there is a dark cloud which hangs over the whole exercise and that is Twitters profitability. The company\u2019s books are not attractive. In its third quarter ending Sept. it was able to double its revenue earnings to $168.6 million, thanks largely to increased access to its services through mobile devices. However, on earnings, the social networking company continued its loss-making streak, with loss going more than double to $64.6 million in Q3, from $21.6 million last year.<\/p>\n
The turnaround in the company\u2019s bottom line doesn\u2019t seem likely soon, perhaps until 2015. However, following its largely successful IPO, this could be the game-changer it needed to turn profitable sooner than anticipated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 11\/07\/2013 (wallstreetpr) \u2013 Twitter, the new kid on the block at New York Stock Exchange market, is expected to trade its stock at […]<\/p>\n","protected":false},"author":32,"featured_media":12370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[4079,4078,4080],"stock_ticker":[],"class_list":["post-12369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nysetwtr","tag-twitter-inc-nysetwtr","tag-twtr","entry"],"acf":[],"yoast_head":"\n