Wall Street Twitter IPO

Twitter shares will go on sale today for $ 26

Wall Street Twitter IPO

Tonight on the New York Stock Exchange, the shares will begin trading Twitter. The company received a ticker TWTR and plans to raise up to $ 1.8 billion

There will be sold 70 million common shares at a starting price of $ 26. Another 10.5 million shares can be purchased at the option within 30 days. Price of $ 26, just above the previously expected $ 23-25 ​​per share, in connection with a large enough interest among investors. However, some analysts warned against buying overpriced shares of the company, which has never in its history has to be profitable and has no clear mechanisms for monetization.

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