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Firsthand Technology Value Fund (SVVC) Message Board

  • myownstimulusplan myownstimulusplan Sep 13, 2013 7:04 AM Flag

    Noticthe suggested numberse

    Twitter has "confidentially submitted an S-1 to the SEC for a planned IPO," the micro-blogging company disclosed yesterday, obviously via tweet. Further details were sparse, but Giga Uam reported that Twitter employees and investors have recently received offers from hedge funds to acquire shares at $26-$28 each. That implies a valuation of around $14B, soundly above the $10B valuation from previous share sales. Dan Primark reports that the IPO could take place this year, and Sky News that it will be on the NYSE (NYX).

    Sentiment: Strong Buy

 
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