Twitter IPO opens at $45.10 per share on New York Stock Exchange
Finally Twitter has opened for its initial public offering in $45.10. The company began trading with an IPO priced at $26 per share. Prices immediately started rising and finally settled for $45.10. Twitter logos covered the floor of the New York Stock Exchange and the company was also providing continuous updates on its official Twitter account with a #ring hashtag.
According to recent reports by the Financial Times, Twitter is now valued at $31.2 billion, which was previously $18 billion. The company has put up 70 million shares at the rate of $45.10 per share and is now valued at $31 billion.
Stock Prices of new companies are never same, for example you can have a look on Facebook’s IPO which rose to $45 on the first day, but after that it came down. We hope good for Twitter.
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