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I tried to put an order today in my brokerageaccount, but it didn't know what that symbol meant. I'm not sure if its protecting me from doing something stupid. I figured I could get them at opening and hold on for a month and let them go as the hype builds.
Personally, I want nothing to do with Twitter, but I'll certainly try to make a buck off of them!
Hogan
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From the news:
Twitter at $14.1 billion, with the potential to reach $14.4 billion if underwriters exercise an overallotment option.
If the full overallotment is exercised, as expected, Twitter could raise $2.1 billion, making it the ...
If twitter sells all of the stock at IPO it will have only have raised $2.1 billion that means that the true investors, the ones that made twitter work, will walk with billions.
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It doesn't quite work that way. The money being raised goes to the company, which has plans to use it for acquiring new tech and developing new revenue streams.
Private shared held before the IPO will be converted to public shares; in effect, the founders and workers will have their sweat equity monetized. They stand to become very rich, on paper. They won't actually see any money until they sell those shares, and any substantial sell-off requires that the shareholder file a notice of intent with regulators. To my knowledge, there are no such filings. Twitter may decide at some point to pay dividends, which is a distribution of profit. That requires that there be profit first, though.
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I am just copying what the news paper said. If the IPO nets 14 billion and the company gets 2.1 billion then ... but then I am not a stock market gambler so I don't really know. Other than a Gov't shutdown in January will Bankrupt Tesla because of the Government Panasonic Deal. I am writing my congress person now, demanding a balanced budget! While buying options : )
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Ah, ok, I can see where the confusion comes in. So some IPO 101....
A private corporation decides to go public. There is a large number of ducks that have to be lined up before it can happen: documents must be filed with regulators, disclosures must be made, and a firm (or more often, a conglomerate of firms) must be found to underwrite it.
The underwriters go through an extensive process of due diligence, vetting the corporation and making sure that it is worth their time and risk. The focus of this is to set the initial offering price, which (in theory) balances what the underwriters believe the company is worth with the riskiness of the company's business model and prospects for profitability. The underwriters, in consultation with the corporation, will decide how many shares will be printed and how many of those shares will be put on the market. Usually, one or more of the underwriting firms agrees to be a market maker, guaranteeing the liquidity of the stock by promising always to buy and sell the shares; rarely, though, the underwriters will bring in a non-underwriting firm to be the market maker. A stock exchange is hired to list the stock, a stock symbol is decided, and the date of the IPO is set. All of these decisions come with separate filings with regulators, which is public information available to potential investors.
The day before the IPO, the underwriters announce their final initial offering price. If the corporation agrees to the price, they will sell their public shares to the underwriters at that price. Once this principle sale is finished, the corporation has made all the money it will see from the IPO itself. Usually, only a fraction of the total shares will be offered at the IPO, with the rest being held by the corporation for other use, such as employee stock options or just as an investment in itself.
The underwriters keep some of the shares in reserve, either as their own investment in the company or as a required reserve as the market maker. The remaining shares are put up for public sale. When the exchange opens, it begins tracking bids to buy the stock. When enough bids have been submitted, the underwriters begin to sell their supply. At that point, the stock is free floating, with price set by market demands. They hope that the stock will sell higher than the initial price, which is how they make their money after all this work; if the stock sells lower, then they will have a big loss to swallow.
With regards to Twitter, the company made about $2.1 billion when they sold their public shares to the underwriters. Again, that is all the money they will see off the IPO. The estimated $14 billion would be the value of the total deal, with $2.1 billion going to the corporation and the rest going to the underwriters.
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ed welch wrote: What could possibly go wrong?
You could misspell "plunge". 
/ravi
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ed welch wrote: What could possibly go wrong?
Two words: Dot-com bubble
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Merely an opportunity for the creator's to cash out, and leave the public holding on to someone's thesis project. A mindless noise machine where everyone can hear and smell each other fart in near real-time?
David
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In regard to the retirement joke.[^]
Result:
When asked for the report the victim dropped his chin to his chest and said very slowly, "I... just... threw... out... that... report"
We had a good laugh.
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I wanna be a eunuchs developer! Pass me a bread knife!
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Bad guy!
Veni, vidi, vici.
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How long was everyone else able to keep a strait face and avoid tipping him off?
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies.
-- Sarah Hoyt
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Not long.
Everyone was pretty anxious to point the finger at me.
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... and how long will you be in hospital?
speramus in juniperus
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Now that we have Obozocare death panels there may be no hospital stay whatsoever.
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4. No politics...
speramus in juniperus
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He was actually referring to the Irish clown O'Bozo that his company hired to work in the corporate health center. 
The United States invariably does the right thing, after having exhausted every other alternative. -Winston Churchill
America is the only country that went from barbarism to decadence without civilization in between. -Oscar Wilde
Wow, even the French showed a little more spine than that before they got their sh*t pushed in.[^] -Colin Mullikin
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You know Nagy, he likes to marginalize the Irish.
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Is to answer funnily like MQOTD ?
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Mobile Safari 4 on iPad (iOS 3.2)
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iPad
iOS 3.2
Safari
Or, this is a trick question, and it sure looks like one. It is secretly an emulator or something?
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harold aptroot wrote: Or, this is a trick question
Yes and no: the UA is unaltered from the browser, the team of experts that set it up pretty much got every bit of information wrong. See my OP for the answer.
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Perhaps they did it on purpose. Maybe they figured that copying the UA from an iPad (it appears to be an exact copy, it matches the one given here[^]) would make things "just work" without all mobile sites having to adapt things specifically for their device.. or something..
Or, they're stupid.
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This is probably what will happen if burglars are offered programming jobs.
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