All eyes were on the stock market this week, waiting for Twitter’s highly anticipated initial public offering. The opening price, originally set at $26, opened at $45.10 (73 percent higher) and soared upwards to 92 percent in early trading. And while this sounds like success for the social media company, skeptics abound. Stalling growth in Asia could spell #trouble for Twitter. And by Silicon Valley standards, Twitter, with a current value of $31.5 billion, is a little bird in a big nest (Facebook is valued at around $120 billion). But unlike Facebook’s, Twitter’s IPO is less likely to see the same roller-coaster trading chaos — and it’s all down to timing.
Sources: Reuters, Forbes, Wired, Toronto Star