Twitter has finally opened for its initial public offering for a whopping $45.10 per share on the New York Stock Exchange. The company is trading on New York Stock Exchange under the ticker symbol TWTR. This IPO price is much more than the $26 per share, at which the company was expected to raise $1.8 billion and was valued for over $18 billion. The company was evaluated for $14.2 billion at the initially expected share price. The company has put up 70 million shares for $45.10 per share and is now valued at $31 billion. Also Read - Twitter “Blue Tick” verification stops again, company to improve review process
Along with this the company has the option to put up an additional 10.5 million shares. Twitter will be able to raise over $2.09 billion if it sells all shares, which will overshadow Google s IPO in 2004.