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Twitter Surges More than 70% in Debut

Twitter Shares Surged More than 70% in its Initial Public Offering (AP)

Twitter (TWTR) began trading today on the New York Stock Exchange under the ticker symbol TWTR and the shares are up more than 70 percent, valuing the company at more than $31 billion. The company raised $1.8 billion with its initial public offering (IPO). The IPO share-price of $26 means the seven-year-old short messaging, social media company will raise $1.8 billion in the offering, before expenses. If the IPO raises more than $1.92 billion, with its overallotment, TWTR would surpass Google as the second-highest IPO in U.S. history. Watch for the stock to pull back later once short-term trader start to cash out their quick gains. The stock earlier this morning traded as high as $50.09 as share before pulling back to $45.66 at 11:30 a.m. EST.

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Twitter (TWTR) began trading today on the New York Stock Exchange under the ticker symbol TWTR and the shares are up more than 70 percent, valuing the company at more than $31 billion.

archive

Twitter Surges More than 70% in Debut

Twitter (TWTR) began trading today on the New York Stock Exchange under the ticker symbol TWTR and the shares are up more than 70 percent, valuing the company at more than $31 billion.

Twitter Shares Surged More than 70% in its Initial Public Offering (AP)

Twitter (TWTR) began trading today on the New York Stock Exchange under the ticker symbol TWTR and the shares are up more than 70 percent, valuing the company at more than $31 billion. The company raised $1.8 billion with its initial public offering (IPO). The IPO share-price of $26 means the seven-year-old short messaging, social media company will raise $1.8 billion in the offering, before expenses. If the IPO raises more than $1.92 billion, with its overallotment, TWTR would surpass Google as the second-highest IPO in U.S. history. Watch for the stock to pull back later once short-term trader start to cash out their quick gains. The stock earlier this morning traded as high as $50.09 as share before pulling back to $45.66 at 11:30 a.m. EST.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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