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Twitter Inc (NYSE:TWTR) raised more than $2 billion by selling shares - Property Mentor Group

Twitter Inc (NYSE:TWTR) raised more than $2 billion by selling shares


After surging high $50 in the first four days of trading, Twitter Inc (NYSE:TWTR) raised more than $2 billion in selling shares at $26 in an initial public offering last week, according to structured product investors. According to  data compiled by Bloomberg, eight of ten most-traded securities listed on European exchanges and tied to the shares of  short-message Internet service are put warrants, whose buyers profit if the shares drop below a pre-defined level. San-Francisco based Twitter which lost $64.6 million in the third quarter, will weigh on the shares of the micro blogging service.

“We have seen strong interest on the short side ever since Twitter started trading above its IPO price,” said Heiko Geiger, head of public distribution of structured products for Germany and Austria at Bank Vontobel Europe AG in Frankfurt.” investors seems questioning on the company’s market capital $24 billion for a company that has never made profit and rates the stock overpriced.

Bloomberg data shows Deutsche bank AG,UBS, AG and BNP Parlbas SA are among the banks listing 2,144 prepared products  for European  investors tied to twitter stock since Oct 31.

Zurich-based V ontobel has put a warrant with greatest volume since IPO. German broker Lang and Schwarz AG , sold most the most traded call warrant, which makes profit at the rise of share, with a hit of $ 35 and March maturity.

Twitter Inc (NYSE:TWTR) fell 2.3 percent to $ 41.90 at the close in New York. Since its start in Nov 7 the stock has raised 61 percent.

Options on the shares of the san Francisco company, which given investors the right to buy and sell the stock at a given price by a future date will begin trading on Nov 15, NYSE Euronext  said in a statement yesterday.


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