Twitter’s post-IPO stock symbol? Oddsmakers favor ‘TWTR’ over ‘TWIT’
SAN FRANCISCO -- What will Twitter choose as its ticker symbol?
The smart money is betting on “TWTR.â€
At least, that’s according to the oddsmakers in Las Vegas. They are leaning toward “TWTR†with odds of 5 to 6 over “TWIT†3 to 1, according to the New York Post.
“BIRD†and “EGG†have long odds (as they should), with odds of 35-1 and 50-1, respectively.
Las Vegas is also betting that Twitter will list its shares on the New York Stock Exchange. Kevin Bradley, sports book manager at Bovada.lv., says NYSE’s odds are 4 to 7. Nasdaq’s odds are 7-5, Bradley told the newspaper.
This isn’t the first time a red-hot Internet IPO has grabbed the attention of oddsmakers. Facebook did, too. That the documents Twitter filed to start its IPO process are confidential has prompted even more interest. The odds are 5 to 8 that Twitter will go public before Dec. 7.
And the odds that Twitter will avoid the public drubbing that Facebook received?
Wouldn’t want to wager on that one.
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