I know it is unlikely for me to write about stock prices but I'd like to write one as to fill in my column for Finance and Social Media as it has been a long time since I posted one. So enjoy.
Twitter expected their IPO price to reach a price at the range of 23-25$ after their actual IPO price revealed last month was at 17-20$ per share, according to SEC.
They were reported to have more demands after they were able to sell 70 million of it's IPO share which causes the price to soar. The buying frenzy could also be caused by some analysts to recommend buyers to restock their twitter IPO shares.
An analysts with Pivotal Research, Brian Weiser, targeted the price would reach 29$ per share, while Rick Summer from the Morningstar differs that it could reach the 50$ per share mark. well, I don't know where did they get the numbers running but my guess is that this is probably just to increase the hype so as to increase the growing demand of twitter shares, kinda like to self-fulfilling prophecy, in trading fundamentals.
twitter first revealed that they are interested in going public with their share on September, and they are going live on NYSE probably this Thursday, as revealed.
So are you going along and ride with the boat for the buying frenzy? Share your thoughts with us.
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