Twitter IPO
Twitter will trade on the New York Stock Exchange on Thursday, under the ticker TWTR. Welcome to Reuters live coverage of the social network's IPO.
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Keith Bliss at Cuttone & Co: "If they had opened that stock at the IPO price, you would have had a lot of people that would have sold their stock at that price – and that is their right to do that - but they would have ended up missing out on $20 worth of gain. So the price discovery process allows you to discover where people are really willing to buy the stock and where people are willing to sell the stock." -
Ted Weisberg, who has been on the floor for 40 years, on the Twitter IPO: "From my perspective, it is just another day at the shop, though it was a lot more crowded on the floor given all the external interest. Things are still pretty active down here. The stock really had the attention of the public." -
Should I buy Twitter stock? The unofficial flowchart for every retail investor. theatlantic.com/business/archi…by DKThomp via twitter 11/7/2013 4:33:53 PM -
"This is the most crowded I've seen this building since the market crash of 1987" - Morgan Stanley's Gary Kaminsky, @CNBC $TWTR #TwitterIPOby Carl Quintanilla via twitter 11/7/2013 4:29:48 PM -
The main lesson of Twitter's stock price: DCF jockeys aren't remotely the marginal price-settersby felix salmon via twitter 11/7/2013 4:27:18 PM -

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Dan Primack argues that Twitter left a lot of money on the table by not pricing its IPO correctly:Twitter itself obviously wanted a bit of price pop for PR and employee morale purposes, but here's something else employees could be thinking about today: Had Twitter priced at $45.10 per share and used the extra proceeds to give out holiday bonuses, it would have worked out to more than $580,000 per employee. How's your morale feel now?
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Phew!by Anthony Noto via twitter 11/7/2013 4:09:32 PM -

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Here's Reuters' valuation of Twitter compared to Facebook and LinkedIn as estimated yesterday -- which now seems much too low. -

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by SirPatStew via twitter 11/7/2013 3:00:14 PM -
by Anthony Noto via twitter 11/7/2013 2:59:18 PM -

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"Twitter Inc's initial public offering, which will start to trade on the New York Stock Exchange on Thursday, drew strong demand with investors asking for 30 times the number of shares that were on offer, according to two sources familiar with the deal," writes Reuters.This Reuters photo is only becoming more apt:
by shane.ferro -

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Twitter IPO is the yin to Facebook's yang: Instead of extracting wealth for insiders, the deal was crafted to reward prospective investors.by Rob Cox via twitter 11/7/2013 2:49:44 PM -

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We will begin to see a floating price between 9:50am and 10:45am, we are hearing. Around 9:45 (that's in about five minutes), the stock chart will first appear on the live video. The video will also include wire snaps and investor tweets.
UPDATE: Olivia Oran says someone just yelled that trading will start at 9:45AM. -
Vivienne Harr, nine years old, created a lemonade stand project for a year to end childhood slavery. She joined Sir Patrick Stewart and a member of the Boston Police Department to ring the opening bell on Thursday. Twitter presents a fascinating user focus for its IPO. -

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by NYSE via twitter 11/7/2013 2:31:52 PM -
Reuters' Ryan McCarthy gives a preview of Twitter's IPO on our new Data Dive blog. -

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In Photos: Inside Twitter
A pillow is placed on a couch at Twitter headquarters in San Francisco, California October 4, 2013. REUTERS/Robert Galbraithby Margarita Noriega (Reuters)
More photos. -
Twitter has yet to turn a profit, but it is pitching an advertising business model that is similar to Facebook's, Reuters' Gerry Shih reported on November 1.
Twitter has yet to turn a profit but it is pitching an advertising business model similar to Facebook's. It faces an additional challenge: its active user base, now at 230 million, has expanded much more slowly compared to Facebook, due in part to its struggle to retain newcomers.
A recent Reuters-Ipsos poll found 36 percent of Twitter users do not use the online messaging service. Continue reading. -

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Reuters Olivia Oran reports: Twitter is likely to price its initial public offering on Wednesday above an already bumped-up target range, according to sources familiar with the process.
While final pricing is still being hashed out between Twitter management and its underwriters, the two sources said the price was likely to be above the $25 top end of the range announced on Monday. A price at that level would value the company at more than $14 billion. The sources, who declined to be named because the process is not public, said on Wednesday the price could hit as high as $28.
READ: Twitter likely to price above expected $25 range -

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Twitter was sued for $124 million on October 30 by two companies claiming the company fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering -- and then canceled it. -

Hamas official predicts ceasefire soon but Israel-Gaza fight goes on
GAZA (Reuters) -A senior Hamas official predicted a ceasefire within days even as Israel and Gaza militants pursued their cross-border attacks into an 11th day on Thursday with Israeli warplanes carrying out new air strikes and Palestinians firing more rockets.





