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Finance & Accounting
Pages 5 (1255 words)
s the news of Twitter (a social media website) being going public is revolving for some time, recently they announced that the twitter will obtain listing on New York Stock Exchange (NYSE) rather than Nasdaq.
One of the social media giants Facebook is also listed on Nasdaq but there are several reasons being put forward by Twitter for such a stance. One of the most prominent reasons for Twitter to avoid Nasdaq is the not so successful IPO of the Facebook. As many witnessed the glitches which made the Facebook suffer. There were many delays and technical problems. The systems of the Nasdaq did not go through well and it was a mess on the first day of the opening. The IPO is likely to take place late in 2013 or early 2014. The pundits are predicting figures above a billion dollars that is expected to bring in about for the social network website. There are several other factors for such decision. The trend of tech companies is quite high and many are thinking of a potential listing. Twitter also considers this a great time when the trends are hot and looking to avail such opportunity. A return of 28% has been recorded for tech IPOs this year and is the second best after the 51% of the health sector as being reported by morning star. As Paul Brad, an analyst with Renaissance Capital states tech companies are one of the strongest areas of the IPO market to date.2 Such decision is also likely to have impact on the wide range of stakeholders of the Twitter. ...
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