This page has been archived and commenting is disabled.

Twitter Prices IPO At $26

Tyler Durden's picture




 

And they are off as Twitter prices just shy of the whisper $27 upper end of the IPO range, raising $1.82 billion in equity proceeds for the 70 million shares it will sell (before the greenshoe is exercised).

For those curious, this is how the big client-focused banks are advising their brokers to handle the IPO:

  • [We] will not be accepting BUY market orders pre-open.
  • Orders placed before 9:28 am will be included in the opening print; however, if the IPO opening is pushed past 9:30, [we] will handle opening orders placed after 9:28am on a best efforts basis.
  • When TWTR opens, any limit order whose price deviates more than 15% from the National Best Bid / Offer (NBBO) will be rejected.

So make sure to have that limit buy just around 14% below the NBBO if and when the market crashes once again and some algo takes TWTR to $0.002 in a millisecond.

All we have left now is the debacle of the opening of this to the public at tomorrow's NYSE open... For now Topeka's Victor Anthony tops the pile of analyst with a $54 PT...

Here are the financials...

 

And here is where the analysts see it:

Of course - now that TWTR is done, we move to the next one...

  • SQUARE IPO MAY INVOLVE GOLDMAN, MORGAN, CNBC SAYS ON TWITTER
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/06/2013 - 19:49 | 4128859 Big Corked Boots
Big Corked Boots's picture

Gold is going nowhere.

I'm going all-in.

/s 

Wed, 11/06/2013 - 19:54 | 4128893 Careless Whisper
Careless Whisper's picture

Those financials make JCP look rock solid.

Wed, 11/06/2013 - 19:56 | 4128903 kaiserhoff
kaiserhoff's picture

Without Twitter,

  how would we know when Justin Bieber takes a dump?

Wed, 11/06/2013 - 20:43 | 4129090 TruthInSunshine
TruthInSunshine's picture

Put me down for some of this Winner of the New World v2.0. Market price.

I know that 90%+ of its "eyeballs" and accounts are autobots, that its revenue/monetization model is as murky as a Louisiana swamp, but so what, I had a fortune cookie that read "Good things are headed your way," and besides, I've got a feeling...

...that tonight's gonna' be a good night...

...and Yellen's got my back.

Wed, 11/06/2013 - 22:15 | 4129425 mjcOH1
mjcOH1's picture

"tonight's gonna' be a good night...
..and Yellen's got my back."

she's going to go Brokeback on your back

Wed, 11/06/2013 - 20:48 | 4129128 Lets Buy The Dip
Lets Buy The Dip's picture

BEIBER is a full tard. They say he came out of brothel the other day, but he is gay isnt he? Probably getting some tips on how to whore himself out. 

Better off trading themarket to make money.....

I have noticed a dislocation between the RUSSELL and SPX. The RUSSELL geting smashed and the SPX holding very well. SEE HERE => http://bit.ly/1aG34J2 Eventually you will see this stop, one of these is wrong and needs to catch up.

Wed, 11/06/2013 - 23:28 | 4129626 Nobody For President
Nobody For President's picture

The top (market cap) 50 stocks in the Russell 2000 have an average P/E of 45. And the index has had a hell of a run since January.

TZA bitchez?

Wed, 11/06/2013 - 19:58 | 4128910 fockewulf190
fockewulf190's picture

I´ll stick with Maples going for $25.24 each.

Wed, 11/06/2013 - 19:59 | 4128915 Deo vindice
Deo vindice's picture

What's Twitter?

Wed, 11/06/2013 - 20:03 | 4128938 Fredo Corleone
Fredo Corleone's picture

#SuckerBornEveryMinute

Wed, 11/06/2013 - 20:35 | 4129078 The Gooch
The Gooch's picture

ACHTUNG, MUPPETS!


Wed, 11/06/2013 - 20:04 | 4128945 kaiserhoff
kaiserhoff's picture

You have to admit, this is the perfect new normal stock.

It's all about narcissism, celebrity, and trivia,  so it can be infinitely reproduced without contributing a damn thing any sane person needs.

 

Wed, 11/06/2013 - 20:09 | 4128979 Richard III
Richard III's picture

Aye, verily - another "Winner of the New World."

Wed, 11/06/2013 - 20:04 | 4128948 Iam Rich
Iam Rich's picture

So, a lot of negative signs in not good?  Seems they just need to "turn those frowns upside down".

Wed, 11/06/2013 - 19:49 | 4128868 Stoploss
Stoploss's picture

BUY!!!!! BUY!!!!! BUY!!!!

Wed, 11/06/2013 - 19:55 | 4128900 TeamDepends
TeamDepends's picture

Hell yeah!  Wait, what do they make again?

Wed, 11/06/2013 - 19:57 | 4128907 kaiserhoff
kaiserhoff's picture

Gossip, and the world's running out...,

   oh wait.

Wed, 11/06/2013 - 20:12 | 4128996 Zero Point
Zero Point's picture

Service. They neatly package bs.

Wed, 11/06/2013 - 20:18 | 4129027 TeamDepends
TeamDepends's picture

What is the shelf-life of this bs?

Wed, 11/06/2013 - 20:24 | 4129044 Zero Point
Zero Point's picture

As eternal as the internet when properly packaged by our Twitter professionals.

Gotta love progress.

Wed, 11/06/2013 - 20:37 | 4129087 The Gooch
The Gooch's picture

They make the world go 'round a "sphere".

Modern day roto-rooter.

Sure fuckin' thing, man!

Wed, 11/06/2013 - 19:50 | 4128872 Godisanhftbot
Godisanhftbot's picture

 opens at 140 , $1 per character, then delists the same day.

Wed, 11/06/2013 - 19:51 | 4128879 Cacete de Ouro
Cacete de Ouro's picture

I've managed to live without Twitter so far...and I think I will continue to live without it

case closed ....in my view

Wed, 11/06/2013 - 19:51 | 4128881 toe
toe's picture

if the market crashes tomorrow, whats happens to twitter?

Wed, 11/06/2013 - 20:36 | 4129053 NOTaREALmerican
NOTaREALmerican's picture

Re:   if the market crashes tomorrow, whats happens to twitter?

The railroad scams of the late 1800's would be a good model for "what happens".

The railroads were built using scams run on dumbasses.   The stock generally imploded wiping out the dumbasses, the companies were reorganized, merged with other railroads, and over time the railroads existed to be looted by upper management in a stable controlled way while keep the railroads functioning (kinda like all public companies).

Facebook and Twitter WILL be around in some form in 50 years.     There way too many humans that want to show-off and talk for them not to be.

Wed, 11/06/2013 - 21:15 | 4129222 dark pools of soros
dark pools of soros's picture

AOL lived forever too

Wed, 11/06/2013 - 20:32 | 4129072 Edmon Plume
Edmon Plume's picture

Market crashes are bullish!

Wed, 11/06/2013 - 19:52 | 4128883 Being Free
Being Free's picture

#yawn

Wed, 11/06/2013 - 19:52 | 4128884 moneybots
moneybots's picture

Prices at 26, but no one will be able to buy it at 26, except the insiders and priviledged.

Wed, 11/06/2013 - 21:06 | 4129188 uncle.bigs
uncle.bigs's picture

I've got an order in for 5,000 shares through Fidelity's IPO process.  I find out if I get allocated tomorrow.  I expect 0.  

Wed, 11/06/2013 - 21:17 | 4129233 dark pools of soros
dark pools of soros's picture

yeah they upped the level for entry i think...   unless you already been in the party

 

nice system though if you can play in it... IRAs and all in!!

Wed, 11/06/2013 - 19:52 | 4128885 Dr. Engali
Dr. Engali's picture

Who needs cash flow? Such a silly thing to worry about when we have the Bernank and a never ending supply of bigger fools.

Wed, 11/06/2013 - 20:10 | 4128974 ForTheWorld
ForTheWorld's picture

They most likely have large cash flows - marketing companies probably purchase massive batches of data to help build their future marketing campaigns, which then get used on Twitter. Twitter also has a "pay to be seen" scheme now where you can pay to make sure tweets (advertisements) are seen by millions of people.

http://www.smartinsights.com/social-media-marketing/twitter-marketing/tw...

If you go to http://business.twitter.com, they even ask you about your possible marketing budget per month, suggesting that there are charges for advertising on Twitter.

So, while they might not seem like legitimate methods of generating cash flow, they certainly do have cash.

Wed, 11/06/2013 - 21:12 | 4129212 Icewater Enema
Icewater Enema's picture

Yes, all those minus signs in the financials....why, they don't mean a thing. 

Wed, 11/06/2013 - 21:48 | 4129350 uncle.bigs
uncle.bigs's picture

Minus signs are investments that create future returns.  The more money you lose today, the more you'll make tomorrow.  

Wed, 11/06/2013 - 23:39 | 4129652 Blano
Blano's picture

They'll just make it up on volume a la Amazon.

Wed, 11/06/2013 - 19:52 | 4128886 justsayin2u
justsayin2u's picture

They have such a unique business model - no revenue - how innovative!!!!  gotta get me some of that!

Wed, 11/06/2013 - 19:54 | 4128895 Godisanhftbot
Godisanhftbot's picture

 I bought 1000 TWTR shares with bitcoins. #karma

Wed, 11/06/2013 - 19:55 | 4128902 youngman
youngman's picture

now I know why Bitcoin is jumping....

Wed, 11/06/2013 - 20:00 | 4128919 LoneStarHog
LoneStarHog's picture

Ooooooo...I am just all atwitter about this IPO...Gonna put my entire ROTH IRA into it and make me a billionaire...I mean...Cramer AND MillionDollarBonus said so...What could go wrong with a recommentation from people of their stature and credentials?

Wed, 11/06/2013 - 20:05 | 4128933 Dr. Engali
Dr. Engali's picture

It would be funny to see the NYSE declare self help tomorrow on twitter.

Wed, 11/06/2013 - 20:06 | 4128946 JustObserving
JustObserving's picture

Rao reckons Twitter is worth $21 a share, or about $11 billion, based on fundamentals such as future revenue and earnings. However, he said there is more at play in hot IPOs such as Twitter's.

"There's a supply and demand issue. People have to get involved and they will rush in to try to get shares, which drives up the price initially," Rao said. "There will be a pop on Thursday probably."

Twitter shares are expected to jump higher than $40 by the end of the first day of trading, according to IG, a firm that lets investors bet on the performance of IPOs ahead of time.

http://www.usatoday.com/story/tech/2013/11/06/twitter-ipo-pricing/3447747/

Wed, 11/06/2013 - 20:09 | 4128983 jomama
jomama's picture

i've never made an account (and probably never will), but hell, apparently twitter can move heavily manipulated markets? 

Wed, 11/06/2013 - 20:10 | 4128988 ABG LINE
ABG LINE's picture

"Buy it lightly on the way down.  When it hits 18, buy it all".

Wed, 11/06/2013 - 20:56 | 4129163 Edmon Plume
Edmon Plume's picture

... and when it hits two bits, sell, muppets, sell!

Wed, 11/06/2013 - 20:10 | 4128990 icanhasbailout
icanhasbailout's picture

This was the same price they pump-and-stabilized FB at. This is so transparent, they really have no idea at all how to value that company.

Wed, 11/06/2013 - 21:18 | 4129238 dark pools of soros
dark pools of soros's picture

will there be another face-saving wall of bedrock to get it through the first day?

Thu, 11/07/2013 - 08:47 | 4130218 kralizec
kralizec's picture

Expect a gradual rise and then a dip as the PTBs fleece some of the onrushing sheeple for the first shearing, rinse-repeat, bullish for Wall St traders and Christmas bonuses.

Wed, 11/06/2013 - 20:13 | 4129004 Kreditanstalt
Kreditanstalt's picture

"Twitter"?

It's SO American ~ what does this outfit PRODUCE?  And what does it have to sell except advertising space??

Wed, 11/06/2013 - 20:24 | 4129045 Downtoolong
Downtoolong's picture

But, but, but, celebrities and famous people use it, and one of them just might tweet, twit, or twat you one day.

OMG, OMG, OMG – I want it, I want it, I want it!!!!!

 

Wed, 11/06/2013 - 20:35 | 4129066 NOTaREALmerican
NOTaREALmerican's picture

Come on,  the product is access for sociopaths (advertisers in this case) to manipulate dumbasses with bullshit.

ANYTHING that allows bullshit to be used to screw dumbasses will have lots of value.

Thu, 11/07/2013 - 05:39 | 4130064 lakecity55
lakecity55's picture

LCRabbit55 Investors announces Bubble.com!

Bubble produces nothing, has no product or services! You simply buy the stock, and its value goes up!

Like Magic!

Please read our Brochure, our IPO may not be for everyone, especially those "late" to the party!

Wed, 11/06/2013 - 20:18 | 4129008 SillySalesmanQu...
SillySalesmanQuestion's picture

<<< A twit is : A stupid or foolish person

<<< A twit is : A silly, annoying person

Only in Amerika...vote accordingly.

Thu, 11/07/2013 - 01:48 | 4129856 Haager
Haager's picture

Do you have any pictures of some stocktwits by any chance?

Wed, 11/06/2013 - 20:34 | 4129038 ebworthen
ebworthen's picture

Yes, but what is Pets.com doing!?!?

C'mon ZH!  Get with the program already!

Wed, 11/06/2013 - 20:24 | 4129041 chump666
chump666's picture

A 'social media' bubble. 

54!!! hahahahahahahaha

fleece the f*ckers! FB style!!!

http://youtu.be/IKbbREtBMcs

It's a joke.

Wed, 11/06/2013 - 21:20 | 4129247 dark pools of soros
dark pools of soros's picture

SnapChat for 3.5 billion!!!!!

Wed, 11/06/2013 - 20:26 | 4129049 stinkhammer
stinkhammer's picture

#ruse

Wed, 11/06/2013 - 20:39 | 4129096 The Gooch
The Gooch's picture

#rubes

Wed, 11/06/2013 - 20:26 | 4129051 whoopsing
whoopsing's picture

I have'nt seen burn rates like that since the ninties

Wed, 11/06/2013 - 20:29 | 4129058 Downtoolong
Downtoolong's picture

I'm a value investor. I'm sticking with Groupon and Tesla.

Wed, 11/06/2013 - 20:33 | 4129074 ebworthen
ebworthen's picture

lol...a fine herbal shot of juniper laden Gin sarcasm...thanks.

Wed, 11/06/2013 - 21:21 | 4129249 dark pools of soros
dark pools of soros's picture

Tesla kicked ass.... 

Thu, 11/07/2013 - 05:35 | 4130063 lakecity55
lakecity55's picture

"...and, after our batteries have finshed their auto life, they are recycled and given free to manic-depression patients!"

Thu, 11/07/2013 - 05:34 | 4130062 lakecity55
lakecity55's picture

My broker said Teslas on fire!

"It's a Hot stock," he said.

Wed, 11/06/2013 - 20:32 | 4129071 JJ McApe
JJ McApe's picture

TWTR $18 billion market cap @ IPO

Failbook has a $119b market cap in the moment.

I will stay on the sidelines for a while. Let the muppets go first. *giggles*

 

 

Wed, 11/06/2013 - 20:36 | 4129080 devo
devo's picture

Tomorrow we're going to party like it's 1999!

Wed, 11/06/2013 - 20:37 | 4129089 Mrs. Cog
Mrs. Cog's picture

Twitter + Bubble = #Twubble

lol couldn't resist

Wed, 11/06/2013 - 20:41 | 4129106 whoopsing
whoopsing's picture

Womans perspective ! Well done ( Cog hookecd a good one)

Wed, 11/06/2013 - 20:46 | 4129125 Cognitive Dissonance
Cognitive Dissonance's picture

She I tell myself that everyday.   :)

Thu, 11/07/2013 - 05:33 | 4130061 lakecity55
lakecity55's picture

That was tewwible!

Wed, 11/06/2013 - 20:40 | 4129103 Pairadimes
Pairadimes's picture

LOL. It's a screamin' buy at one tenth of a bitcoin.

Is anything real anymore, or did the internet eat our brains?

Wed, 11/06/2013 - 21:22 | 4129255 dark pools of soros
dark pools of soros's picture

Silk Road 2 went live!!  Can't wait for its IPO!!   I'll call my broker and ask!!

Wed, 11/06/2013 - 20:45 | 4129123 chump666
chump666's picture

Anyone cares the AUD just crashed on terrible employment numbers. 

China is crashing. 

But we got twitter.

Wed, 11/06/2013 - 21:12 | 4129134 Cacete de Ouro
Cacete de Ouro's picture

Those analysts on Bombberg that you quote are a real high powered bunch

Topeka - let's call it something edgy like Tupac... Ye I got it!
Suntrust Robinson Humpback
CRT Capital - could be anything, a boiler room
Atlantic Equities - 2 guys on a yacht in the east river
Pivotal Research - ye think?
And lastly Wedge Partners, without the ie or the y

Like , who the hell are these firms?

And that's just for openers

Luckily, although the firms are unknown, the analysts are Wall Street house hold celebrities..:

Victor Anthony - if this stock picking don't work I'll open a hair saloon
Robert S Peck - just don't call me Speck, ok?
Neil A Doshi - I've had up to here with douche bag jokes
James Cordwell - might come in handy in prison with Madoff
Brian Wieser - Dad, I wish we had been called Wiser
Martin Pyykkonen - gimme p, p, and... a y , y, and another y, y, and a k, k, and .....another k, and an o, o. are we nearly there yet?

Wed, 11/06/2013 - 20:58 | 4129167 Luke 21
Luke 21's picture

Twitter's IPO = Market's Top

Wed, 11/06/2013 - 21:23 | 4129259 dark pools of soros
dark pools of soros's picture

nope.. that will be Pintrest and SnapChat

Thu, 11/07/2013 - 05:31 | 4130060 lakecity55
lakecity55's picture

I'm waiting for the NSA IPO!

Wed, 11/06/2013 - 21:27 | 4129279 notquantumdum
notquantumdum's picture

So is there anyone who doesn't think Twitter is going to trade in a fairly similar pattern to how FB has traded so far [except maybe for the part about coming back up again in price after being destroyed for the first few months or more]?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&instty...

Wed, 11/06/2013 - 22:25 | 4129456 Save_America1st
Save_America1st's picture

phyzz silver, Bitchez!

Thu, 11/07/2013 - 05:30 | 4130059 lakecity55
lakecity55's picture

Pb, the new PM!

Long Pb!

Keep Meltin'!

Wed, 11/06/2013 - 22:53 | 4129508 Zer0head
Zer0head's picture

Twitter

WTF

at least Amazon sells stuff

 

Profit

WTF

we don't need no fcking profit

 

Twitter spikes $48 settles mid forties and hits fifty Friday

 

money is free forever

wipe your asses with it

paper your walls with it

fill your wheelbarrows with it

money is free and getting less valuable every day

 

PS I would agree with Alpha Omega (above) except this is 1922

http://upload.wikimedia.org/wikipedia/commons/thumb/8/8f/GermanyHyperCha...

Thu, 11/07/2013 - 05:29 | 4130057 lakecity55
lakecity55's picture

silly wabbit,

twitter is for tweets

Wed, 11/06/2013 - 23:36 | 4129644 Blano
Blano's picture

Those dash thingys in front of all those numbers is a good thing, right???

Thu, 11/07/2013 - 05:28 | 4130056 lakecity55
lakecity55's picture

Short the sick twisted fucker!

Do NOT follow this link or you will be banned from the site!