After operating for eight years, Twitter finally went to public in Nov. 7th, 2013. Twitter’s Initial Public Opening went successful in the New York Stock Exchange. On the first day, Twitter had a 73% bump. This certainly was a good startup for Twitter, compared to the huge fall in the Facebook’s stock price after its IPO.
The reasons that I think Twitter’s IPO went well are that people have an expectation of its future and Twitter’s good preparation. Though Facebook’s stock was not going well right after IPO, its price has reminded ascending afterwards. Another technology company, Google’s stock price also keeps increasing. Therefore, people expect Twitter to do well in the future. Besides, Twitter had prepared for its IPO for almost two years. It gained experience from Facebook’s unsuccessful IPO. Facebook’s IPO had created a crisis in the NASDAQ Stock Market. Therefore, this time Twitter chose to hold its IPO in the New York Stock Exchange which is more prepared to tolerate the huge pressure that might have on the first day of going public.
It is good that the IPO of Twitter was fairly successful. However, Twitter’s future still makes some people concerned. It is not making a profit even till now. The intense competition in internet technology market may lead Twitter to aging process if Twitter cannot figure out a way to generate more revenue.