Home Business Twitter Inc (TWTR) Worth Up To $31 Billion – IPO Live

Twitter Inc (TWTR) Worth Up To $31 Billion – IPO Live

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Update 11:03 EST: Twitter went public this morning at $45.10 per share. The company’s stock began to rise right after it became available, and tested the $50 mark several times in the minutes after trading. Twitter is now worth $35 billion, and it is trading at around 30 times sales. Twitter Inc (NYSE:TWTR) is growing quickly, but a price of $50 per share prices in a huge amount of growth.

Twitter Inc (NYSE:TWTR) needs to sell ads in the coming months. The company will need to show its early investors that it is able to continue its sales growth, and it’s able to show a profit.

The New York Stock Exchange trading floor is a busy place this morning. Twitter Inc (NYSE:TWTR) is set to go public sometime this morning, and the firm’s shares are being priced right now. Twitter listed its own shares at $26 this morning, but negotiations on the trading floor have not yet found a price for the shares to be offered to the public.

Twitter Inc (TWTR) Worth Up To $31 Billion - IPO Live

The initial price range for shares in the company was reported to be between $43 and $47. The range is set to narrow as the company heads toward its offering. Barclays is the market maker for the micro-blogging company’s IPO, and the investment bank is negotiating with other traders on the floor.

Twitter IPO

A price of $46 per share would value Twitter at more than $30 billion on opening. This morning’s market was a good one for an IPO, coming off of a year of stock market gains, but weak economic data from the United States and Europe appears to have shaken the markets this morning. Stock in other internet companies trended down in early trading, jacking up nerves on the trading floor.

Twitter Inc (NYSE:TWTR) is a big IPO, and a large amount of investors are going to be interested to see the company’s pricing on today’s market. The range that the company is likely to open at is supposed to widen as Barclays tries to agree on a price to sell the firm’s shares at, but the range was not all in one direction this morning.

An range of $44-$46 was floated at around 10 a.m, but that widened to the current range of $43-$47. There is little indication about when the company will sell its shares, but as soon as it does we will update this piece with Twitter Inc (NYSE:TWTR) pricing information, and the direction that the shares began trading in after they become available.

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