After setting its IPO stock price at $26 per share, Twitter on Thursday made a strong public debut in which trading opened at $45.10 per share — 73 percent above the IPO price. That opening price valued the social media company at more than $31 billion based on its outstanding stock, options and restricted stock that will be available after the IPO. By press time, the stock had traded at a high of $50.09. The initial public offering included 70 million shares of the common stock, sold under the ticker symbol “TWTR.”
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Smash IPO May Be a Hard Act for Twitter to Follow
Posted by: Peter Suciu November 7, 2013 01:37 PMAfter setting its IPO stock price at $26 per share, Twitter on Thursday made a strong public debut in which trading opened at $45.10 per share — 73 percent above the IPO price. That opening price valued the social media company at more than $31 billion based on its outstanding stock, options and restricted stock that will be available after the IPO. By press time, the stock had traded at a high of $50.09. The initial public offering included 70 million shares of the common stock, sold under the ticker symbol “TWTR.”