Twitter boosted its public stock offering to as much
as $2 billion yesterday, suggesting strong demand for its shares and a higher
overall value for the one-to-many messaging platform.
The regulatory filing raises the share price for the
popular messaging platform to a range of $23 to $25 from an earlier estimate of
$17 to $20.
The new share price range would give Twitter a
market value between $12.76 billion and $13.87 billion.
The higher value “says a lot about the success of
the company’s road show,” said Paul Ausick of the stock market blog 24/7 Wall
Street.
“While this IPO has not engendered the frenzy that
the Facebook IPO sparked last year, there is clearly plenty of interest, and it
would not be surprising to see the stock price at the top or even above the new
range.”
Richard Greenfield at BTIG Research said he still
has a positive view on Twitter, but that it now appears on the pricey side.
No comments:
Post a Comment