Twitter is finally going public.
Link: Twitter files for hotly anticipated IPO
Unlike Facebook which had a lot of concerns at the time of its IPO, Twitter will probably do better.
Will you be buying some Twitter stock?
Link: Twitter files for hotly anticipated IPO
Unlike Facebook which had a lot of concerns at the time of its IPO, Twitter will probably do better.
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The impending IPO of the microblogging phenomenon ignited a competition among Wall Street’s biggest names for the prestige of managing its coming-out party. Goldman Sachs is lead underwriter, a source familiar with the matter said on Thursday, which is a major coup for the Wall Street bank.
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A similar race is on around China’s Alibaba, which is expected to raise more than $15-billion this year. Bank chief executives such as JPMorgan’s Jamie Dimon and Citigroup Inc.'s Michael Corbat have made it a point to meet Alibaba founder Jack Ma.
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Twitter, which has been valued by private investors at more than $10-billion, is on track to post $583-million in revenue in 2013, according to advertising consultancy eMarketer.
Will you be buying some Twitter stock?