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Twitter Seen Below $28 as Structured Note Investors Turn Bearish 2013-11-13 11:25:38.354 GMT
By Alastair Marsh and Janet Freund Nov. 13 (Bloomberg) -- Twitter will fall below $28 by June after surging as high as $50 in co.’s first 4 days of trading, according to structured product investors. * 8 of 10 most-traded, European listed securities tied to shares of TWTR are put warrants, according to data compiled by Bloomberg * Investors are speculating the lack of profitability at TWTR, which lost $64.6m in 3Q, will weigh on shrs * TWTR unlikely to make profit until at least 2015, according to avg of analysts’ ests compiled by Bloomberg * NOTE: TWTR raised >$2b selling shares at $26 in IPO last week * NOTE: Options on TWTR shrs will begin trading Nov. 15, NYSE Euronext said in a statement yday Story Link:NSN MW75A66JTSEW<GO>
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--Editor: Joanna Ossinger
To contact the reporter on this story: Janet Freund in New York at +1-212-617-8408 or jfreund11@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net