Millionaire because of Twitter IPO

Written by Mr. Q on . Posted in Twitter

From NBCNews | As Twitter launches its road show in preparation to go public next month, it’s a good guess that at least a few employees outside the executive suite at the social media company are killing a little time browsing listings for San Francisco lofts or top-of-the-line sports cars. “We can surmise there are going to be a number of multimillionaires,” said Kathleen Smith, a principal at IPO fund manager Renaissance Capital. For some employees, it could change their lives.

Hilary Martin, a financial adviser at Family Wealth Consulting Group, had a mid-level marketing employee at Google come to her nearly a decade ago when the search engine giant went public. The 30-year-old worker, who was worth $1.5 million overnight, quit her job shortly thereafter. Martin predicted some of this could happen at the microblogging company. “I do think Twitter’s going to produce millionaires in the rank-and-file employees,” she said. Renaissance Capital’s Smith noted that there are 743 other shareholders outside of the executive suite who are likely holders of restricted stock units. These have a combined value of roughly $1.5 billion if the stock debuts in the middle of its $17 to $20 share price range.

Read more @ NBCNews

NYSE tries to avoid problems with Twitter IPO

Written by Mr. Q on . Posted in Twitter

From The Guardian | The New York stock exchange has declared a test of Twitter’s stock market debut a success as it tries to avoid the technical problems that marred Facebook’s flotation last year. While the NYSE often does testing on the weekend, this was the first time the exchange conducted a mock initial public offering (IPO) of shares. Traders from member firms gathered with NYSE staff on Saturday to run simulated buy and sell orders and test the flow of those orders and open the stock. Twitter is expected to sell its shares some time before the end of November. Read more @The Guradian

Twitter IPO on the New York Stock Exchange

Written by Mr. Q on . Posted in Twitter

From Reuters | Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year’s most anticipated IPOs. The online messaging service’s decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc’s 2012 offering. Twitter is now expected to kick off its investor roadshow on October 28 where it will pitch its offering to Wall Street before shares start trade in mid-November, two sources familiar with the situation said Tuesday.

In an amended IPO filing on Tuesday, the eight-year-old company showed that it sustained its recent pace of revenue and user expansion in the latest quarter ended September 30 – even though its losses continued to widen. Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12% stake. Rizvi Traverse, run by Hollywood and Silicon Valley financier Suhail Rizvi, and its affiliates hold 17.6%, as the largest institutional holder. JPMorgan Chase’s alternative asset management arm holds another 10.3%, the filing revealed for the first time. CEO Dick Costolo, an early angel investor, owns 1.6%.

Read more @ Reuters

Twitter reported to be in talks with banks

Written by Mr. Q on . Posted in Banks, Twitter

From The Guardian | Twitter founders Biz Stone and Evan Williams have an office in San Francisco. The company is expected to be valued at $10bn at IPO. Twitter could float within two months and has reportedly entered talks with Wall Street banks about a loan facility of up to $1bn (£623m) ahead of its stock exchange debut.

The New York Post, which has reported Twitter’s talks with JP Morgan Chase and Morgan Stanley, says the float is expected before the US Thanksgiving holiday on 28 November. Twitter announced it was planning a float earlier this month but did not specify its timetable, filing S-1 documents for the initial public offering (IPO) with the Securities and Exchange Commission in the US.

Read more @ TheGuardian

How to buy Twitter Stocks?

Twitter is growing fast. The popular online social networki has recently past the 550 million users. Twitter is currently private-held. Apparently there will be an IPO in 2014. The big question is: How to buy Twitter shares?

The value of Twitter

Wedbush Securities analyst Michael Pachter estimates that Twitter has a valuation of about $10 billion. The microblogging service is expected to have a revenue of about $300 million in 2013.

Facts about Twitter

Every day about 24 billion searched are performed on Twitter. Number of unique Twitter site visitors every month: 190 million. Average number of tweets per day: 58 million.Number of tweets that happen every second: 9100.