TWTRQ jumped 1,800% on Twitter’s IPO

Tweeter is an American electronics retail chain, founded in 1972. In 2007, the company laid off 650 employees and filed for bankruptcy. The price of the company's shares jumped sharply after the announcement of Twitter's intention to go public (IPO) .

Tweeter shares have a TWTRQ ticker while Twitter's microblogging service announced that their shares will have a TWTR ticker. Many people mistakenly confused them with shares of Twitter, rushed to buy shares of the bankrupt network of electrical goods.

Recall that Twitter applied for an IPO in September, and on October 3, the document was published on the website of the US Securities Commission. According to the application during the IPO, Twitter plans to raise $ 1 billion.

Sources:
blogs.wsj.com/moneybeat/2013/10/04/shares-of-tweeter-not-twitter-halted
blogs.marketwatch.com/thetell/2013/10/04/twtrq-stock-up-as-much-as-1800-as-investors-confuse-tweeter-for-twitter