TWTR – Twitter, Inc. | Aussie Stock Forums

By David Wilson

Nov. 6 (Bloomberg) — Twitter Inc.’s increase in the

projected price for its initial public offering is in keeping

with this year’s performance of newly public companies in the

U.S. stock market.

As the CHART OF THE DAY shows, the Bloomberg IPO Index has

risen 41 percent this year and is beating the Standard & Poor’s

500 Index by 18 percentage points. Both these figures would be

the highest for a full year since 2009, when the current bull

market in stocks began.

Twitter has “the wind at its back, definitely,” Justin

Walters, co-founder and managing partner at Bespoke Investment

Group LLC, said yesterday in an interview. “IPOs are healthy

right now, and that’s what you want to see.” The Harrison, New

York-based research and investment firm put out a blog posting

yesterday with a similar chart.

The IPO indicator, consisting of companies that have gone

public within the past 12 months at a market value of more than

$50 million, set records six times in the last three weeks. The

most recent mark occurred two days ago. Yesterday, the index

dropped 0.1 percent to 2,915.60.

Twitter’s first public stock sale is scheduled for pricing

today. The social-media company wants to sell shares for $23 to

$25 each, more than an earlier estimate of $17 to $20.

The sale would raise $1.75 billion at the $25 price, and

may turn out to be more lucrative for the San Francisco-based

company. The final price may exceed the increased range, two

people with knowledge of the matter said.