Tuesday, Oct 20, 2009
Intrade has listed a market on the prospect of Twitter announcing an IPO.
This market can be found under Financial -- Company IPOs.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if Twitter announces before midnight ET on the date specified in the contract they will be issuing an IPO.
A contract will settle (expire) at 0 ($0.00) if Twitter does not announce before midnight ET on the date specified in the contract they will be issuing an IPO.
Expiry will be based on official announcements from Twitter, as reported by three independent and reliable media sources.
The contract will be expired when an official announcement of an IPO is made. The IPO does not have to released for the contract to expire.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.