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Twitter Raises IPO Range to $23-25 per share
Monday, November 4, 2013 - 12:52pm | 253Read More...Twitter (NYSE: TWTR) raised its IPO range from $17-20 per share to $23-25 per share in a filing with the U.S. Securities and Exchange Commission. Twitter expects to sell 70 million shares plus the underwriters option in $10.5 million. With four sources reporting different valuations, the average...
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A Little Bird Told Me… Analysts Comment on Conservative Twitter IPO Valuation and Long-Term Conviction
Friday, October 25, 2013 - 3:42pm | 685Read More...Twitter Inc. (NYSE: TWTR) revealed its initial public offering valuation of $11B, a more conservative valuation than analysts expectation of $15B. Twitter hopes to avoid a stock plummet similar to Facebook's IPO and intends to sell 13 percent of the company, or 70 million shares in the range of $17...
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SunTrust Becomes First Firm To Weigh In On Twitter; Initiates At Buy, $50 PT
Monday, October 7, 2013 - 9:36am | 168Read More...Early Monday morning, SunTrust Robinson Humphrey analyst Robert Peck initiated Twitter (TWTR) with a Buy rating and $50 price target. The valuation gives Twitter a 16x forward multiple on revenue, and an 80x forward multiple on EBITA. In the report, Peck focuses not on Twitter as an advertising...
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SunTrust: Google's Optionality Expands With New Biotech Company
Thursday, September 19, 2013 - 3:54pm | 156Read More...In a report published Thursday, SunTrust Analyst Robert Peck analyzed the news of Google's (NASDAQ: GOOG) new company, Calico. Calico will be a separate biotech company focusing on health and well-being. Peck noted that device technology and software analytics “may lead to sizable improvements in...
