First Take: Twitter’s first day of trading is a monster
Published: November 7, 2013 / Author: Jon Swartz
Finance Professor Tim Loughran discussed what the positive market reception to the Twitter IPO implies for Internet companies in this article published in USA Today and dozens of additional media outlets.
Excerpt:
With an initial market valuation of more than $30 billion, Twitter is worth more — on paper — than LinkedIn.
“What’s not to like? There is incredible potential and investors are more open to social media companies now,” says Tim Loughran, a University of Notre Dame finance professor who is an expert on tech IPOs. “There is a change in mindset on Internet IPOs.”
Read the entire article.
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