4 ms·

I don't know how these things typically work.. it started out at 46, now it's below, ~45, but it says +19.66 (75.62%)? Is that because that's the highest it wa

I don't know how these things typically work.. it started out at 46, now it's below, ~45, but it says +19.66 (75.62%)? Is that because that's the highest it was today? I would expect the +/- to be against the starting amount at any time...

helper 13y ago
The opening price was $26.
- twistedpair 13y ago
  Opening price was $45.01 according to Google Finance, $45.10 according to the WSJ, and $45.10 according to Yahoo finance. Not $26. Insider pre-order price was $26.
  - deleted 13y ago
    [deleted]
kilovoltaire 13y ago
That's because its pre-opening (IPO) price was $26. So for everyone who got shares before the public trading, their stocks are way up. (This is also why people are saying that the IPO price was set way too low; insiders make tons of money but Twitter itself raises much less money.)
- grecy 13y ago
  Is there any way for the lay man to get in on an IPO like this, or is it purely for insiders? (I'm thinking about the next one...)
  - joeblau 13y ago
    No. It's only for accredited investors, and those that have connections into the deal.
  - gkuan 13y ago
    Actually, if you have an account at various retail brokers such as Schwab and Ameritrade, they have a trade IPO capability. For run-of-the-mill IPOs, it isn't a big deal and retail investors can get an allocation. For high-profile ones such as this one, you'll have to be an account holder with lots of money under their management and generate a lot of revenue for them to get preference in the allocation process.
smackfu 13y ago
The price movement is based on difference from the previous day's close, not today's open. Those may differ if there was news overnight. In this case, there isn't really a previous day's close, just the price that was set. Google Finance doesn't seem to show previous close, but Yahoo Finance does: http://finance.yahoo.com/q?s=TWTR http://finance.yahoo.com/q?s=TWTR
deleted 13y ago
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helper 13y ago

The opening price was $26.

twistedpair 13y ago
Opening price was $45.01 according to Google Finance, $45.10 according to the WSJ, and $45.10 according to Yahoo finance. Not $26. Insider pre-order price was $26.
- deleted 13y ago
  [deleted]

kilovoltaire 13y ago

That's because its pre-opening (IPO) price was $26. So for everyone who got shares before the public trading, their stocks are way up. (This is also why people are saying that the IPO price was set way too low; insiders make tons of money but Twitter itself raises much less money.)

grecy 13y ago
Is there any way for the lay man to get in on an IPO like this, or is it purely for insiders? (I'm thinking about the next one...)
- joeblau 13y ago
  No. It's only for accredited investors, and those that have connections into the deal.
- gkuan 13y ago
  Actually, if you have an account at various retail brokers such as Schwab and Ameritrade, they have a trade IPO capability. For run-of-the-mill IPOs, it isn't a big deal and retail investors can get an allocation. For high-profile ones such as this one, you'll have to be an account holder with lots of money under their management and generate a lot of revenue for them to get preference in the allocation process.

smackfu 13y ago

The price movement is based on difference from the previous day's close, not today's open. Those may differ if there was news overnight. In this case, there isn't really a previous day's close, just the price that was set. Google Finance doesn't seem to show previous close, but Yahoo Finance does: http://finance.yahoo.com/q?s=TWTR http://finance.yahoo.com/q?s=TWTR

deleted 13y ago

[deleted]