Are you buying Twitter shares? On Nov. 7 2013, on the New York Stock Exchange, Twitter closed at $44.9 per share, up about 73% from its opening price of open share ($26). The process of an IPO (initial public offering) begin when a company decides that it needs more money, and opens to public to raise cash. It hires an investment bank to help with the process; in this case, the investment banks Goldman Sachs, Morgan Stanley and JPMorgan Chase are handling orders for the 70 million shares offered in the company’s IPO. It has been holding the biggest Internet IPO since Facebook, which sold at $38 per share for 421 millions shares.
Investors have already shown a new interest in the tech world; they are hunting for new industry leaders. Followed by Twitter’s IPO, there’s a crowd of companies dedicated to the new techniques of information storage, online social networking and cloud database. We “could probably have a significant amount of transformation of typical businesses and industries,” Mr.Aaron Levie, CEO of Box(an online file sharing and cloud content management service for businesses), said in an interview ahead of the Twitter IPO. “I think that’s what we’re seeing from the public markets today.”