Happy Birthday Twitter? Looking Back One Year After IP0
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Twitter Inc. is celebrating its one-year anniversary as a public company today with a stock that’s soared 58 percent from its debut. Its performance by many other measures is less stellar.
After jumping 73 percent to open at $45.10 on its first trading day, Twitter’s share price today is lower at $41.12. The company currently has a near record-low enterprise value of 19.8 times trailing 12-month sales, according to data compiled by Bloomberg. The San Francisco-based company also continues to bleed money, with losses widening faster than sales gains. Twitter’s profitability has been pushed out to 2017 from 2015 at the time of its initial public offering, according to analysts’ estimates compiled by Bloomberg.