Twitter IPO: Shares Jump 73% Instantly

Yesterday, November 6, ahead of its initial public offering (IPO), Twitter shares were priced at each, valuing the whole company at about 14 billion dollars.

After Facebook’s IPO, Twitter’s listing was the most anticipated one.

The first day of trading

Today, November 7, Twitter shares started trading on the New York Stock Exchange under the ticker TWTR and opened right away at .10 — 73% above the IPO price. During the day the price reached .09, and with the jump the company’s market value came to about 25 billion dollars.

A bit about Twitter

Twitter was founded in 2006. As of the end of June 2013 it had 218 million monthly active users, and the site is among the ten most visited websites on the internet.