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I wonder why not MS
They will be one of the lead underwriters. No way GS leads this alone.
I hope you are being sarcastic.
Lead left or go home...ticker TWAT
LOL
BAML is underwriting it, too.
Source: FT
I have strong feeling that this one will breakout well on the launch. Also, all the talking heads are going to have a ball comparing it to the FB IPO.
Let's see who else they get on board besides GS and BAML. I found this to be a very interesting angle:
and
Looks like the FB IPO did more "damage" than anyone thought...
Source: FT.com
Twitter files for IPO (Originally Posted: 09/13/2013)
Well, here we go.
Valuation is over $ 10 Bn. Revenue around 500 million. Profits : Not sure. Twitter UK had profits of 16,500 pounds. (Yeah, that's all the zeros there) Main underwriter : Goldman Sachs
ZeroHedge article : http://www.zerohedge.com/news/2013-09-12/twitter-files-go-public
UPDATES:
The company intends to trade under the ticker TWTR and seeks to raise $1 billion, according to the filing.
Last year revenue rose 198 percent, to about $317 million, while its net loss declined 38 percent, to about $79 million.
Has more than 215 million monthly active users, 100 million of whom are daily active users.
Mobile is the primary driver of its business, and 75 percent of monthly active users access Twitter from a mobile device.
Link : http://www.cnbc.com/id/101074151 Opinions? http://in.reuters.com/article/2013/09/12/twitter-ipo-idINDEE98B0HE20130…
I feel like twitter should be worth more than facebook
6 months ago I would've agreed with you, but they've started getting their asses in gear at FB with some of the major ad-sales issues. I dunno if they're worth the valuation, but I've got much higher hopes for them now than I did at IPO
Look forward to seeing twitter go down hill all the way.
Twitter sucks, cant wait to see it burn.
Know what happened when FB went live on NASDAQ I wonder what exchange their going to choose.......could be fun to watch the NYSE and NASDAQ jostile for this high profile IPO.
Pretty sure its less than $1bn in revenue if they are filing the S-1 confidentially (only way they are allowed to not disclose to the public?)
Yeah, I'm pretty sure its around $583m revenue
Yeah I'll edit it. Why the monkey shit though?
So is it a good stock to short? At least in the beginning?
Weird that they don't have to file IPO prospectus till 21 days before offering. Also, a shit ton of articles about it on qz.com
Twitter is a much better platform than FB, and actually it taken pretty seriously by most corporations, news orgs, athletes, etc. I feel like FB fizzled out, and is more just a place to stalk people and look at relationships statuses. I think they're playing it safe with their valuation given what has happened to FB stock which is a good call.
Buy and hold baby
haahahhahhahha good luck with that one.
"Twitter has told staff that it is sometimes profitable but it is likely that the company is still loss-making most of the time. "
Source : http://www.theguardian.com/technology/2013/sep/13/twitter-ipo-shares-st…
Short this bitch.
Short at the gates. But who knows long term ?
a lot of people were saying short fb too when it was coming out
Twitter isn't going anywhere. Have you guys who don't like Twitter even thought about exploring how useful it is?
It is a phenomenal news source. The raid that captured Osama Bin Laden was live tweeted during the event, 9 hours before the guy realized what he was specifically Tweeting about. In many instances it can be more useful than Google when researching specific things. Not only can you find the most current information, but you have direct access to the subject-matter experts.
This is all coming from a guy who recently started using Twitter, I barely know how to use it. I'm excited to become more savvy with it. Also, I used to hate Twitter. I still hate the misuse of hashtags, but I'm mostly shielded from it as I don't use Twitter socially. My dog just farted.
I agree with this. If you are using it as a news source, from anything to local news to sports, it can be incredibly useful. If you are using it simply as the status feature on facebook, it is a waste of time. Unless you are a celebrity.
At $583mm in revenue, they'll price it at $10bn and it will probably drift up to $12-$15bn. That would put it at 20-25x sales on par with Yelp or Linkedin.
Please note I'm not saying that is an appropriate model for these businesses. Its just what they seem to be trading at in the market.
Also, to those who say short at the gate, you're better off going to the roulette table.
Twitter is here to stay. Buy and hold. Won't blow up overnight, but there is definitely a solid revenue model and the projections are nearly a billion next year and 1.33 billion the next. Mobile ad revenue is exploding. There's no way I'd short this at launch.
Even 20x at next year's projections put it at 20 billion plus. I like the odds here.
Full filing : http://www.cnbc.com/id/101074151
Which idiot bought TWTR instead of waiting for TWTRQ?
I hope you're joking.
Once Twitter turns a profit I'd be interested, until then, I struggle to understand how they are losing so much money with the revenue and revenue growth they are seeing and for that reason I'll probably just watch this one pan out. Once they break even and enter profitability, however, their profits will likely grow at a rate much higher than that of their revenue growth. At the point it will be nice to be long, but until then, I have reservations about management and growing the user base. moms can use facebook, but twitter is a bit of different beast.
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