Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.
Tags: Twitter
Twitter execs showered attention by profit seeking Wall Street firms
Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.
Saudi Prince's Kingdom Holdings to increase Twitter stake
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Criteo gathers USD 250 million in US IPO
French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
NYSE does system check in anticipation of Twitter IPO
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
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The high rate of non-use in Twitter is what may challenge investors in their decision come IPO time.
Twitter's major stakeholders would benefit from the initial public offering should the social media company's debut would succeed.
Wix.com Ltd, the Israeli online provider of website management tools, chose to list in the tech oriented Nasdaq.
In its amended IPO filing, Twitter would be listed with the NYSE and also reported increased revenues and user base despite mounting losses.
Facebook, after its dismal opening at IPO and subsequent decline, is affecting the overall enthusiasm in Twitter.
In a basic comparison, Twitter's risk factors were longer than Facebook's, which may indicate a riskier investment.
Twitter, with its more than million followers, would grow in the future avoiding Facebook's pitfalls.
The IPO of Twitter would determine if the microblogging site is Groupon, a bust or Google, a success.
In an interview with Reuters, Saudi Arabian Prince Alwaleed bin Talal said he, through his Kingdom Holdings investment firm, would not sell any Twitter shares owned in the IPO.
