Twitter shares increase by 75% on NYSE

Lyndhurst 14

Well-known member

Jan 16, 2008

5,125

• Nov 7, 2013

• #1

Twitter shares have jumped 75% today on initial trading (probably more by now) from their IPO value of $26.00 to $45.10 on the New York Stock Exchange. Easy money if you could buy any - But will it last?

 

Last edited: Nov 7, 2013

seagullsovergrimsby

#cpfctinpotclub

Aug 21, 2005

43,690

Crap Town

• Nov 7, 2013

• #2

Not even trending over here in the UK

 

K

knocky1

Well-known member

Jan 20, 2010

12,963

• Nov 7, 2013

• #3

wasn't IPO only available to institutions? They take easy money all the time. A better first day than facebook.

 

Lyndhurst 14

Well-known member

Jan 16, 2008

5,125

• Nov 7, 2013

• Thread starter
• #4

knocky1 said:

wasn't IPO only available to institutions? They take easy money all the time. A better first day than facebook.

Click to expand...

I think so - and UK investors could not buy them before the flotation

 

Last edited: Nov 7, 2013

V

Vegas Seagull

New member

Jul 10, 2009

7,782

• Nov 7, 2013

• #5

The vast majority was to Institutions but not all. Those Institutions that 'guaranteed' not to sell quickly in the aftermarket & create volatility were given preference. Those that didn't agree & the public got so few that selling up immediately would not bring vast wealth, again cutting back 'stagging' sales and therefore getting it away if a far more orderly fashion than Facebook