Twitter made a ton of money from its IPO, but its bankers got the better deal.
FORTUNE -- Twitter began trading this morning at $45.10 per share, after pricing its IPO last night at $26 per share. Or, put another way, Twitter (TWTR) left more than $1.3 billion on the table. Or, put even another way, more than twice what the company will generate in revenue this year.
As I type these words, Twitter stock has now topped $50 (bumping my $1.3 figure up to nearly $1.7 billion -- amazing, given that the actual IPO only raised $1.82 billion).
Twitter itself obviously wanted a bit of price pop for PR and employee morale purposes, but here's something else employees could be thinking about today: Had Twitter priced at $45.10 per share and used the extra proceeds to give out holiday bonuses, it would have worked out to more than $580,000 per employee.
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Year-to-Date
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By Dan Primack November 7, 2013
Read more @ Source: http://finance.fortune.cnn.com/2013/11/07/twitter-leaves-more-than-1-billion-on-the-table/
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