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Domodaran valued Twitter at $18 per share the week before its IPO; the stock was priced at $26 and opened at $46, and he explains he has no obligation to explain what others paid, only to assess the value relative to what he believes it's worth

normativepending

Speaker

Aswath Domodaran

Evidence Quote

“And in the week before the IPO, the value that I put was $18... it was priced at $26... when it did open, it opened at $46. And I got a call from somebody saying, how do you explain the $46. And I said, I don't have to. I didn't pay it.”

Source

Valuation in Four Lessons | Aswath Damodaran | Talks at Google— Talks at Google
Created: 8/11/2026, 1:45:13 AM

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