Twitter chooses to float on NYSE

The New York Stock Exchange has managed to secure Twitter as one of the new breed of technology stocks on its exchange.

For the last 20 years the NASDAQ has been the natural home for the majority of newly floated technology stocks, but  in the last couple of years the NYSE has made efforts to reverse this trend. Recent successes include LinkedIn and Yelp, and now Twitter will be added to that list. While the NASDAQ did secure Facebook, its launch day ended up a spectacular disaster after the trading platform crashed.

IG has been offering a grey market on Twitter’s market capitalisation at the end of the first day of unconditional trading for over a month now. Client-driven trading has seen this value rise from the market’s originally perceived value of between $10 and $12 billion to the current levels of $20.5-$22.5 billion.

Using current fillings as a guideline it is likely that we will see Twitter float around the middle of November. At first look this premium may look overly generous, but Royal Mail’s completed listing on the London Stock Exchange has highlighted the enormous hunger for IPO investments.

These two companies are at different stages of their growth cycle of course, and unlike Royal Mail, Twitter is unlikely to be offering dividends any time soon. However, as Twitter is a social network, it will certainly help when it comes to generating its own publicity.

With over 6000 global shares to choose from and margin rates from 5%, start shares trading with IG.

Denna information har sammanställts av IG, ett handelsnamn för IG Markets Limited. Utöver friskrivningen nedan innehåller materialet på denna sida inte ett fastställande av våra handelspriser, eller ett erbjudande om en transaktion i ett finansiellt instrument. IG accepterar inget ansvar för eventuella åtgärder som görs eller inte görs baserat på detta material eller för de följder detta kan få. Inga garantier ges för riktigheten eller fullständigheten av denna information. Någon person som agerar på informationen gör det således på egen risk. Materialet tar inte hänsyn till specifika placeringsmål, ekonomiska situationer och behov av någon specifik person som får ta del av detta. Det har inte upprättats i enlighet med rättsliga krav som ställs för att främja oberoende investeringsanalyser utan skall betraktas som marknadsföringsmaterial.