Tag Archives: twtr

IPO Stock Watch: Weibo Gains From Microblogging Memo

Weibo (WB) stock surged to a new high Thursday amid reports that China’s State Internet Information Office issued a memo requesting government offices use microblogging services to communicate with the public. Weibo runs a Chinese-language microblogging social network, similar to Twitter (TWTR), with 157 million monthly active users. Weibo rose 13.3% to 24.34, a new closing high, in the stock market today. Weibo held its initial public offering on

Twitter Getting Ready For $1.3 Billion Bond Offering

On the heels of its “buy” button launch, Twitter (TWTR) announced it will hold a $1.3 billion bond offering. It also received new coverage by investment firm Canaccord Genuity. But the micro-blogging service’s stock remained muted on the news. In an announcement made after the market close on Wednesday, Twitter said its bond offering will be comprised of a $650 million aggregate principal amount of convertible senior notes due in 2019 and a second

Twitter Upgraded On Buy-Now Button, Ad Potential

Twitter (TWTR) stock rose to a nearly six-month high Wednesday after UBS upgraded the short-messaging service and boosted its price target on Twitter stock, citing e-commerce and ad potential. Twitter stock was up 3.5% in midday trading in the stock market today and hit 52.88, its highest price since mid-March. UBS analyst Eric Sheridan in a research note cited Twitter’s entry into e-commerce. On Monday, Twitter said it was installing a buy