Twitter is readying for its initial public offering (IPO), which could occur as early as tomorrow. According to CNBC, the company's underwriters JP Morgan Chase, Morgan Stanley and Goldman Sachs, expect its share price to be above original estimates.
Most estimates pegged Twitter's opening price between $23 and $25 per share, though new targets suggest it could fall in as high as $27 per share. The increase in price is in direct relation to demand for shares of Twitter. The decision lays in the hands of Twitter's executive team, CNBC said, which is expected to meet later today on a phone call where the final price will be decided upon.
We already know that Twitter will list under the TWTR tickler symbol on the New York Stock Exchange, in hopes that it can avoid some of the follies that Facebook ran into when it started trading. Trading firms using the NYSE have already tested systems to make sure everything runs as smoothly as possible. Of course, Twitter's price will vary after it begins trading.
One concern is that the company still isn't profitable, so moving forward it will need to show investors that it can create new revenue streams, as Facebook has, in an effort to start driving a profit.
Update: Once the stock opened for trading on Nov. 7, the first quote was $45.10.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Illustrate your brilliant ideas on the best whiteboards
Teaching, training, and brainstorming represent a fraction of activities that involve a lot of writing and erasing. What better medium to use than a whiteboard? We have a collection of some of the best whiteboards available today.