TWTR - Twitter starts trading November 7, lets keep any post on Twitter to 140 characters or less. This post is 127 characters.
Hrm, just raised the target price, and also increased the number of shares being sold....seems awfully similar to FB. You know what they say, if it looks like a duck, and it quacks like a duck..... My prediction is it opens slightly above the target price and then faces downward pressure. Underwriters might be forced to step in to support the shares. It will stay on the first day above the IPO price but may go below that soon afterwards. On the first day, underwriters will hedge the shares they are forced to buy on the open market by shorting other social stocks. So expect to see FB, LNKD, RENN, etc all tumbling.
Prospectus http://www.sec.gov/Archives/edgar/data/1418091/000119312513431301/d564001d424b4.htm selling 70 million shares at $26 total outstanding 544.696 million market cap at $26 is 544.696 * 26 = $14.162 billion 2012 revenue was $317 million 2013 revenue (9 months) was $422 million approx 2013 revenue will be $656 million (m22au estimation based on 9 months ending 30 Sept 2012 and 30 Sept 2013) or $620 million, based on the USA Today article below (620 * 1.53 = 950) Using the $656 million figure for 2013 sales, price to sales ratio is 21. http://www.usatoday.com/story/tech/columnist/2013/11/06/twitter-ipo-price-will-cost-you/3455525/ Twitter's roadshow presentation forecast the company to post $950 million in 2014 sales, giving it a price-to-expected-sales ratio of 16 even before it starts trading. LinkedIn and Facebook have price-to-sales ratios of 12-to-1, based on Wall Street's revenue estimates for next year. If Wall Street's projection is on the mark, Twitter's revenue will rise 53% next year. That's faster than LinkedIn's expected growth of 42% and Facebook's, at 36%.
i'd say this one will shot up immediately. all other scenarios have already been covered with other social ipo & similar. its easy to see all are worthless but no one dares shorting. see tesla no one dares buying because buying something worthless is not good. There is no other way than people will jump in at the top, and there is no other way right now than up. Therefore this is clear BUY.
Hype hype hype hype Never seen so many articles in finance posted about one IPO....feels like 1999 all over again.... $18 billion value and ZERO fucking profits.... Leave it to wallstreet to hype worthless companies
This might be the most overvalued company of time. It's the most expensive IPO in history relative to revenue. It's being valued higher than FB, despite losing money. There's nothing about this IPO that makes sense. Today's high can be the highest price it ever sees. Should be interesting to see what happens when we're allowed to short it.