Super charging them with sugar on top of the adrenaline rush of the opening bell in new york. They scrunched together to watch the ceremony on tv monitors. One thing was clear early on the 26pershare ipo price set last night was conservative. Underwriters trying to gauge supply and demand settled on a 45 opening price, 73 higher. That meant twitter could have raised over 1. 5 billion more. The ceo of yelp says setting an ipo price isnt ease emp. Its not a science, its simply an art. At the end of a long day and couple of weeks, you do your best to deliver value to both your own shifting shareholders and the new ones. And you try to be as fair as possible. Reporter while some were jumping in, others didnt because of risk factors. Any ipo stock that becomes a trading vehicle the first few days after an ipo, its a guessing game how much it will eventually be worth. Nobody knows. Doesnt have a track record. There may be revenues, but we dont know what the profitability will be. Theres a ho
Exceeded all expectations. Twitter makes a big splash on its opening day on wall street and makes instant millionaires out of dozens of bay area employees. Twitter executives didnt make the same mistakes facebook made a year and a half ago. They priced their stock conservatively and didnt flood the market with too many shares. Twitters stock closed this afternoon at just under 45 a share. A 2 premium from its ipo 72 premium from its ipo price of 26. Our business and Technology Reporter is live at twitter headquarters. David, i imagine that party is still going. Reporter yes, you can tell thats whats going on because theres been no one leaving the twitter building since lunchtime today. And we have also heard from a neighbor across the way at the end of the building. He says there are preparations underway for a big bash for tonight. Now, we know that theres been a lot of celebrating going on, and it was joined by Top Executives from the company who were in new york this morning for the
The annual meeting of Tibbits Opera Foundation & Arts Council took place Jan. 27. It is riding the wave of change with a dedicated staff and membership