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November 8, 2013 03:14 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/MD6CVnhaku8/
Twitter's IPO: Less Volatile Than Facebook's and Less Profitable
Anyone doubting whether Twitter could avoid Facebook's missteps and pull off a successful IPO now has their answer.
Twitter ended its first day of trading at $44.90, an increase of nearly 73% on the day, valuing the company at just below $25 billion. That first-day increase isn't just successful compared to Facebook, which ended its first day up just $0.23 above its IPO price. It makes Twitter one of the 15 most successful IPOs of the year to date, according to data provided to Mashable by Dealogic.
"It's a classic IPO. That's what you want: a pop on the first day," Santosh Rao, an analyst with Greencrest Capital, told Mashable. "They definitely benefited from Facebook's playbook. They managed expectations very well." Read more...
More about Twitter, Business, and Twitter IpoOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/MD6CVnhaku8/
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