Twitter follows the money: all the latest news on the IPO – The Verge

Leaving the nest: Twitter’s IPO in pictures

2013-11-07T16:39:31-05:00

Twitter TWTR NYSE Stock Exchange (STOCK)

The New York Stock Exchange played host to Twitter's high-profile initial public offering this morning as the company went public and shares began trading on the market. Twitter's soaring bird logo was emblazoned across both the outside and the inside of the exchange, and in such context the logo fittingly illustrated the company's hopes for its publicly traded stock.

Many were on the floor of the exchange well before the 9:30AM opening bell, and anticipation rose as the market prepared to open. Twitter executives on hand - including CEO Dick Costolo, CFO Mike Gupta, and co-founders Jack Dorsey, Evan Williams, and Biz Stone - surprisingly d …

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Twitter’s stock closes at $44.90 a share, up 73 percent on its first day

2013-11-07T09:09:16-05:00

Twitter IPO

Twitter held its initial public offering on the New York Stock Exchange this morning, opening its stock up for purchase to any interested investor, and as it turns out, there were many. Shortly after trading began around 9:30 AM ET, Twitter's share price rocketed well past the $26 per share minimum the company set last night, opening up 74 percent at $45.10 to start the day. It finished the day right around the same spot, at $44.90.

The minimum strike price of $26 allowed Twitter raise at least $1.8 billion dollars from the initial offering, and gave the company a total valuation of roughly $14 billion. So Twitter potentially left about $1. …

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Twitter prices its initial public offering at $26 per share

2013-11-06T18:51:29-05:00

twitter ios app

Twitter will begin selling shares of its stock at $26 per share, the company said Wednesday, which is in the range that had been expected. The company will offer 70 million shares of its common stock, along with another 10.5 million that will be sold to its underwriters. The offering is expected to raise $1.8 billion. The shares are scheduled to go on sale tomorrow under the symbol TWTR.

We just priced our IPO. pic.twitter.com/NWXaO4Myq0
- Twitter (@twitter) November 6, 2013

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Ahead of IPO, Twitter raises target share price and discloses potential lawsuit from IBM

2013-11-04T09:43:51-05:00

twitter stock

In its latest update to its S-1 filing, Twitter announced that it will be raising the price range for its public offering from $17-20 up to $23-25. That would allow Twitter to raise around $1.75 billion and value the company around $14 billion, up from $10.9 billion. The upgrade indicates that Twitter found strong demand during its investor roadshow, but it has also been conservative all along about its pricing, and many analysts expected this move. The company still has a little time to fine tune its offering, and is expected to finalize the price on Wednesday and go live Thursday morning.

The updated documents also revealed patent infring …

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Twitter will offer 70 million shares priced between $17 and $20 in its IPO

2013-10-24T16:26:01-04:00

Twitter for iOS app icon

As Twitter gets closer to its initial public offering (IPO), more and more details are leaking out, and now we know exactly how many shares will be available when the company hits the market. According to a new document filed with the SEC, Twitter will offer 70 million shares and expects to price them between $17 and $20. That's a good bit less than Facebook hit the market at - but given the wild ride that its stock went on over the following year, Twitter's more conservative pricing might be to the benefit of potential investors. Though, as noted by Bloomberg, Twitter's average revenue per user is less than half of Facebook's, and the compa …

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Twitter the latest tech company looking to play tax avoidance shell game

2013-10-19T01:30:03-04:00

twitter stock

Two weeks after Twitter filed the paperwork for a planned billion-dollar IPO, we learn that it's poised to take advantage of the same international tax loopholes as other large firms like Apple, Google, and Amazon. Citing Twitter Ireland documents, Valleywag reports that the company has all the requisite parts for the "Double Irish and Dutch Sandwich" - a scheme that can minimize a company's tax exposure by enabling it to lease its intellectual property to foreign subsidiaries. The idea is to turn foreign profits into tax-free revenues, and everything from the existence of Irish shell companies to their Cayman Islands home base give ample in …

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Inside Twitter’s epic, ‘chaotic’ journey from day one to IPO

2013-10-18T14:10:01-04:00

jack dorsey stock 2040

Once upon a time, Twitter was "a shitshow," according to a new report from Business Insider's Nicholas Carlson and Alyson Shontell. The report chronicles the "chaotic" journey leading up to the company's imminent IPO, which was reportedly filled with numerous internal power struggles, a few CEOs, and over six total days of server downtime in 2007 alone. Along the way, you'll also learn about Twitter's long-lost co-creator Noah Glass, whom Carlson originally exposed back in 2011, how Jack Dorsey almost joined Facebook after being ousted as Twitter's CEO, and how one company "saved" Twitter from the infamous fail whale. The story isn't a quick …

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Twitter picks the New York Stock Exchange for its IPO

2013-10-15T17:44:05-04:00

twitter stock

As Twitter continues to move closer to its IPO, more details of its plans are becoming clear - today, an S-1 form filed with the Securities and Exchange Commission revealed that Twitter will list on the New York Stock Exchange. That confirms a rumor from a few weeks ago that said the company was expected to choose the NYSE over Nasdaq, where Facebook is traded. Nasdaq suffered a number of difficulties in the days following the Facebook IPO, a time of trouble that eventually led to a $10 million settlement with the SEC. Scott Cutler from the NYSE called it a "decisive win" and said his organization was "grateful for Twitter's confidence in ou …

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Potential, not profits: Twitter joins a wave of tech companies going public despite losses

2013-10-07T11:56:04-04:00

Twitter 5 for Android beta

Twitter may be the only technology stock people have been hearing about on the nightly news recently, but it's actually just the most prominent among a crowd of startup IPOs to hit the markets in the last year. In a single week this September, 13 tech companies went public: everything from Applied Optoelectronics (AAOI), a provider of fiber-optic networking products, which raised around $36 million, to Covisint (COVS), which built a data-sharing platform used by companies in the auto and healthcare industries, and which raised $81 million. Both companies had shown steady losses before going public.

"In the last decade, most companies doing …

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Twitter IPO filing prompts mistaken buying rush of worthless TWTRQ stock

2013-10-05T03:44:56-04:00

twitter fail whale

Tweeter Home Entertainment Group, a consumer electronics retailer that declared bankruptcy in 2007, saw its share price balloon on Friday thanks to confused traders who thought they were buying into the newly announced stock offering from Twitter. Of course, Twitter shares aren't yet available for public purchase, but that didn't halt millions of transactions in the moribund Tweeter stock, which trades under the initialism TWTRQ, close but not the same as Twitter's upcoming TWTR ticker. Trading in Tweeter shares was halted upon realization of the mass confusion, though not before the price reached a high of 15 times its typical valuation of …

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