Friday June 5, 2020

Twitter IPO raises $1.82bn with higher value than Facebook

Twitter raised $1.82 billion in its initial public offering, seizing on surging investor demand to price at a more expensive valuation than rival Facebook.

7th November, 2013
Twitter will begin trading today at the New York Stock Exchange under the TWTR symbol.

Twitter raised $1.82 billion in its initial public offering, seizing on surging investor demand to price at a more expensive valuation than rival Facebook.

Twitter yesterday sold 70 million shares at $26 each, putting the microblogging service at 12.4 times estimated 2014 sales of $1.14 billion, according to analyst projections compiled by Bloomberg. That is higher than the 11.6 times that Facebook was trading at yesterday and similar to LinkedIn’s multiple of 12.2 times sales.

The pricing puts the onus on...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago