Twitter IPO Valued at $23.65 Billion by IG's Grey Market

IG, a world-leading CFD, spread betting and forex provider, has been running a grey market on Twitter since September 13.

Trading behavior by IG client accounts currently indicates a market capitalization of Twitter at around $23.65 billion* which is the mid-point between IG's latest price for the company currently 226.5 (sell) - 246.5 (buy).

Presently, 89% of IG client accounts trading on IG's Twitter grey market think the price will increase as Twitter's first day of trading on the New York Stock Exchange approaches on November 7. You can follow IG's real-time price action and the latest client sentiment here:

Alastair McCaig, IG market strategist commented: "Valuations of privately held companies are always hard to call. In the first nine months of 2013 Twitter's revenue increased by 106% to $422 million, but losses also increased to $133 million. This latest market capitalization valuation is derived from our clients' trading activity and while Twitter has raised its target share


* Price correct as of 5pm (London time) 06/11/2013.

About IG Group

IG Group is a world-leading provider of financial spread betting, contracts for difference (CFDs) and forex.  Founded in 1974, IG Group is an established member of the FTSE 250 with headquarters in London and offices across Europe as well as in the US, Japan, Singapore and Australia.

Summary of brands in 2013

IG is now the trading name of both IG Index (spread betting) and IG Markets (CFD trading). IG's other brands continue as:

Nadex: a retail-orientated US exchange

FXOnline: a commission-free forex trading and CFD provider in Japan

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