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Twitter IPO: Stock closes at $44.90 on its debut

Twitter went public yesterday at $45.10 per share or about 80 percent more than the initial sale price of $26 per share. Trading under the ticker symbol TWTR on New York Stock Exchange, the compan

Twitter_IPO

Twitter went public yesterday at $45.10 per share or about 80 percent more than the initial sale price of $26 per share. Trading under the ticker symbol TWTR on New York Stock Exchange, the company’s share soared up to $50.9 during the day.

The company’s shares traded closer to the range throughout the day and closed at $44.90 per share, which was pretty close to its debut price on the New York Stock Exchange. At its closing, Twitter was valued at $31 billion, which positions it at par with Yahoo.

  • Published Date: November 8, 2013 10:22 AM IST
  • Updated Date: November 8, 2013 10:24 AM IST