Twitter set for public stock debut on New York Stock Exchange Thursday Nov 07,2013

 

Twitter priced 70 million shares at $26 to raise at least $1.8 billion.

The IPO values Twitter at $14.1 billion, with the potential to reach $14.4 billion if underwriters exercise an over-allotment option, as they are widely expected to

If the full overallotment is exercised, Twitter could raise $2.1 billion, making it the second largest Internet offering in the U.S. behind Facebook's $16 billion IPO last year and ahead of Google Inc's 2004 IPO.

Twitter's  public stock debut is set for Nov 06,2013 Thursday morning on the New York Stock Exchange and will begin trading  under the ticker symbol “TWTR'  

Note

When Facebook launched on the Nasdaq, its shares were priced initially at $38 each. The stock soared within hours of its debut to a high of $45. But its price later slumped.

It only recovered those losses by 11 September 2013, when shares again touched $45

Twitter shares jump 73% in market debut Thursday Nov 07,2013

 

The opening bell rings on the trading floor of the New York Stock Exchange as trading starts in Twitter shares

Shares in the microblogging site Twitter closed at $44.90, up more than 73% from their initial price of $26 each.

That means after its first day as a public company, Twitter is now valued at a little over $31bn (£19bn).
More than 13 million shares were traded once they became available an hour after the New York Stock Exchange opened.
It is the biggest technology listing since Facebook in 2012.