Yesterday, in the history of the popular microblogging service started a new chapter – the first time Twitter has declared itself as a public company and held an initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker TWTR.
Stock quote started at a price of $ 45.10 per security, which is 73.5% higher than the cost to be $ 26, declared Twitter before IPO . Record high in the first day was $ 50.09 per share. It is worth noting that at the time of closing share price fell to $ 44.94 per share. Leaders Twitter believes that the IPO will lay down an additional investment of more than $ 1 billion to help the company move forward.
It is also reported that the increase in share price was a record Twitter and the eighth largest in the history of the U.S. stock market IPO, as a result of which it was possible to raise more than $ 500 million in the first day of trading.
Twitter shares on the first day of trading rose in price by almost half
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