On Thursday 7 November, social networking and micro-blogging service, Twitter, made
its first appearance on the New York Stock Exchange with the price range for its initial
public offering raised from $17 to $20 (about R172 to R202) to $23 to $25 (about R233
to R253).
Now with 70 million shares in the IPO, the service’s initial market value could surpass
$13bn.
After revenues of $28.3m in 2010 and $316.9m in 2012, Twitter lost $69m in the
beginning of 2013.
