Twitter frenzy as investors rush in November 7, 2013 TWITTER held one of the most highly-anticipated public debuts of the year yesterday at the New York Stock Exchange (NYSE) with intense investor interest that caused the company’s stock to jump 92 per cent at the start of trading. The social media darling eventually settled at $44.90 (£27.90) a share, up 73 per cent from [...]
New York Report: Wall St slides as poor results hit sentiment November 7, 2013 FRENZIED buying in Twitter shares grabbed Wall Street’s attention yesterday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The tech-heavy Nasdaq index recorded its biggest daily [...]
Twitter shares debut at $46 on the New York Stock Exchange November 7, 2013 Twitter has made a staggering market debut on the New York Stock Exchange, up over 73 per cent on its initial public offering, at almost $46 (£28.70) per share. Twitter priced its initial public offering (IPO) at $26 (£16.17) per share late last night. Yesterday, IG's grey market had a mid-price of $23.75bn (£14.77bn), implying a [...]
Twitter boosts price ahead of flotation today November 6, 2013 SOCIAL media colossus Twitter priced its initial public offering (IPO) at $26 (£16.17) per share late last night, ready to float today on the New York Stock Exchange (NYSE). The pricing is a dollar higher than the upper range of the previous attempt to value the company, and suggests a total valuation for Twitter of [...]
Profits rise at ICE as it awaits its takeover of exchange rival NYSE November 5, 2013 ATLANTA-BASED InterContinental Exchange (ICE) said yesterday it expects to close its takeover of NYSE Euronext within days, and reported an eight per cent rise in third-quarter profit, helped by lower taxes and new clearing revenues. The derivatives exchange and clearing house operator said in December it would buy the owner of the New York Stock [...]
Twitter ups flotation price on huge demand November 4, 2013 INTENSE investor interest surrounding the imminent debut of Twitter has led the social media platform to boost its initial public offering (IPO) price range by 25 per cent ahead of Thursday’s highly-anticipated listing. The new price range of between $23 and $25 a share pushes Twitter up to a valuation of $17.4bn (£10.9bn) at the [...]
JQW planning £140m London public offering November 4, 2013 CHINESE e-commerce operator JQW has announced its intention to raise up to £15m in a flotation on London’s Alternative Investment Market (Aim) next month. JQW provides small and medium-sized Chinese business an online platform to advertise their products to other businesses. The company is hoping to use the funds raised to expand its business to [...]
Wall St The Week Ahead: Wall Street all a-Twitter over public offering November 3, 2013 TWITTER will be the talk of Wall Street this week when the social media company goes public in the stock market’s most anticipated initial public offering since last year’s Facebook. Twitter is expected to price its IPO on Wednesday evening and begin trading on Thursday on the New York Stock Exchange. Twitter has said it [...]
Exxon’s profit falls but output still increasing October 31, 2013 EXXON Mobil, the world’s largest publicly traded oil company, reported higher-than-expected quarterly results yesterday as output rose for the first time in more than two years, but refining weakness hurt earnings. Exxon and other large oil companies struggling to boost production in recent years have spent heavily on new projects. In the first nine months [...]
New York Report: Bernanke pulls Wall St lower with dim view October 30, 2013 US STOCKS fell yesterday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus programme for the time being. Trading was volatile following the release of the statement, with the major US stock [...]