Guest Post I would argue that Twitter was not so much “underpriced” in absolute. Rather, it was underpriced for the shape of its share register at the opening bell.
The birds were chirping outside the New York Stock Exchange this morning, clearly aware of the second biggest Internet IPO in history. This intrepid reporter ventured downtown to bring you an inside look at the Twitter IPO.
Updated 8:48am PT
Smart grid business Silver Spring Networks took a huge step today with its debut on the New York Stock Exchange — and its stock jumped 29 percent over its IPO price.
The all-computer run NASDAQ could be to blame for a lack of a Facebook stock pop Friday, when the social network started its first day of trading. Orders flooded in for the stock, but overwhelmed computers and glitches slowed trading down because stock orders couldn’t be processed, leaving investors wonder if their orders had gone through. If Facebook had gone with the New York Stock exchange, where there are redundant backup systems, it might have been a different story.
Could this be the end of an era?