Quantcast
Get breaking news alerts via email

Click here to manage your alerts
The Twitter bird logo is on an updated phone post on the floor of the New York Stock Exchange, Wednesday Nov. 6, 2013. Twitter's initial public offering was priced at $26 a share, Wednesday evening, and is expected to start trading on the New York Stock Exchange on Thursday. (AP Photo/Richard Drew)
TWITTER IPO LIVE: Twitter stock debut imminent
First Published Nov 07 2013 08:59 am • Last Updated Nov 07 2013 08:59 am

New York » Twitter’s stock debut is imminent. There’s indication that Twitter could start trading at up to 79 percent above its IPO price.

Twitter’s trading debut is the most highly anticipated since Facebook’s last year. Twitter will trade under the ticker symbol "TWTR."

Join the Discussion
Post a Comment

Twitter priced the initial public offering of stock at $26 per share, valuing the company at more than $18 billion based on its outstanding stock, options and restricted stock that’ll be available after the IPO. The pricing means the short messaging service will raise $1.8 billion in the offering, before expenses.

The high price comes despite the fact that Twitter has never turned a profit in seven years of existence. Revenue has been growing, but the company is also investing heavily in more data centers and hiring more employees.

Here’s a running account of Twitter’s first day of trading, presented in reverse chronological order. All times are EST.

———

— 10:45 a.m. AP’s (at)KenSweet says current bid is $45.25. The debut is near in (hash)TwitterIPO.

———

— 10:40 a.m.: Patrick Stewart tweets on (hash)Ring of opening bell as Twitter trade debut imminent.

RT (at)SirPatStew: Honored to join (at)ev (at)jack (at)biz (at)dickc & the (at)Twitter team at their historic IPO this morning. (hash)Ring! pic.twitter.com/XaJpYW2kIh


story continues below
story continues below

———

— 10:35 a.m.: It’s getting close to Twitter’s stock debut. First indication for opening price is even narrower: $45.50-$46.50.

The high end would be 79 percent above its IPO price.

———

— 10:30 a.m.: AP’s (at)KenSweet now says opening price narrowed: $45-$47.

He reports: "This is a good sign. Could mean we’re finding the right price. Progress."

———

— 10:20 a.m.: AP’s (at)KenSweet says opening price is expected even higher: $43-$47.

The range for first indication means Twitter could start trading at up to 81 percent above its IPO price.

———

— 10:15 a.m.: RT (at)KenSweet: I’ve heard some traders mention that this may not open until 1030, maybe 11. But things are changing rapidly.

Next Page >


Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.