Interest in Twitter, Inc.’s (TWTR} upcoming initial public offering (IPO) is quickly building, with the banks managing the offering claiming to be oversubscribed even before taking orders for shares. TWTR initially will be offering 70 million shares at a price between $17 and $20. Shares are to be priced less than a week from now, on Nov. 6, and traded the following day. But any of these figures could be changed based upon demand. In fact, Santosh Rao, analyst for Greencrest Capital Management LLC in New York, said, “I think they’ll likely raise the price at least once.” For independent investors like you and I, that could mean paying a significant premium over the $17 price bottom.
Rockstar, the tech consortium jointly owned by Apple, Microsoft, Blackberry, Ericsson and Sony, has sued Samsung, HTC and Huawei for patent infringement. The patents in question were Nortel’s and were recently purchased by Rockstar for $4.5 billion, beating out the companies it recently sued, along with Google.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Claim your free copy of Dr. Mark Skousen's and Tim Plaehn's new report:
High Yield Havens: 3 Dividend Plays To Safely Hold Forever
Access your free report below:
*By submitting your email, you'll receive this free report, along with complimentary access to Skousen CAFE' and Investors Alley, along with associated financial content and special offers. We value your privacy. You will not be spammed, ever. Period.