Twitter’s Public Now! And What Exactly Does That Mean?
There has been a lot of uproar over Twitter going public. Will our timelines be bombarded with promoted tweets now? What does this mean for the future of Twitter? And some people are asking what the heck does it mean that they are public now?
Let me fill you in….
A Initial Public Offering also known as a IPO is when shares of stock of a formerly private company are now offered to the general public for sale on a securities exchange. Twitter is listed on the New York Stock Exchange (NYSE) securities exchange.
Each new IPO or stock is issued a ticker symbol to identify the company on the exchange. Twitter’s ticker symbol is TWTR. So, when you are looking for the price per share of this stock, you can use this symbol to quickly identify it.
In Twitter’s IPO they offered 80.5 million shares at $26 a share, which equals around $2.1 billion that will be raised! The funds raised from this IPO will go directly to the company. Another interesting fact is that this IPO will make both of the founders, Ev Williams and Jack Dorsey Billionaires and will introduce 1600 people to the Millionaires club!
What’s your thoughts on the Twitter IPO? Did you buy any shares, or plan to in the future?