With Twitter’s planned initial public offering (IPO) already generating as much interest as Facebook’s, the social network’s shares are already being bought and sold before they are even officially on the market.
A “grey market” for Twitter, where a company’s shares are traded before their official listing, indicates the firm could be valued at as much as $13.15 billion after their first day of trading — compared to the estimated $10 billion the IPO is expected to raise.
The “grey market” can be a good gauge of appetite for a company’s shares, and usually consist of contracts for difference (CFDs), derivatives whereby the buyer agrees to pay the seller the value of an asset at the time of the contract rather than sale.
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17
SEP
2013
SEP
2013
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Shah Nawaz Khimani is a young & talented web developer, having more than 7 years of experience in various technologies & techniques. He has passion for creativity, and he also like music.