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Twitter Stock Makes Impressive Debut1 at NYSE Twitter股票令人印象深刻的纽约证券交易所亮相
The most hotly anticipated stock offering of the year did not disappoint. Shares of Twitter jumped nearly 75 percent above the opening price of 26 dollars at the opening bell of the New York Stock Exchange. The seven-year-old online micro-blogging service is now valued at more than $30 billion. But despite a stellar opening, many still have doubts about how profitable the company will be.
The little white bird soared at the start of the opening bell - raising nearly $2 billion on its first day as a publicly traded company. Market analyst2 Max Wolff called it impressive.
“Well, we saw a very nicely staged, managed IPO of a very exciting company with obviously huge demand. We had already heard that it was 30 times over-subscribed. We saw some evidence of it. And we basically saw this company triple off the low end of its range from just one week ago," said Wolff.
But analysts3 say don’t buy into the hype. Investment manager Hilary Kramer says Twitter is a valuable brand, but it has yet to prove it can be profitable.
“Twitter unto itself is a name and is a brand that has billions of dollars of value, but is it worth $30 billion? No. I want to see some real profitability on the bottom line. Twitter has to figure out how to make money," said Kramer.
Valuation experts say the immediate4 challenge is how to turn Twitter’s 230 million online users into willing consumers. Economist Aswath Damodaran says boosting advertising revenue will be key. He spoke5 with VOA via Skype.
“So they need people clicking on those ads and going and buying products because if that doesn’t come through, I don’t care how many users you have. If you can’t make money off those users, nobody really cares," said Damodaran.
Twitter posted a $69-million loss this year, but Hilary Kramer says the smart investor6 needs to look beyond this. She says what’s exciting is the company’s potential.
“A lot of the money that Twitter has raised in this initial public offering is going towards buying other companies that can help them get to that next step," he said.
Twitter shares closed at $44.90 on its first day. That's nearly 73 percent above its initial opening price -making it the second largest technology IPO on record.
1 debut | |
n.首次演出,初次露面 | |
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2 analyst | |
n.分析家,化验员;心理分析学家 | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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4 immediate | |
adj.立即的;直接的,最接近的;紧靠的 | |
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5 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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6 investor | |
n.投资者,投资人 | |
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