Skip to main content

Twitter Soars in IPO Debut

Twitter’s initial public offering was met with intense enthusiasm Thursday as the microblogger made its debut on the NASDAQ Exchange, rising as much as 93% ($24.09 each) in early trading.

Twitter priced its IPO on Wednesday night at $26 per share, valuing the social media juggernaut at about $14.4 billion. The stock, which was expected to attract a lot of attention as it made its debut Nov. 7 under the symbol “TWTR,” far exceeded those expectations, opening at $45.10 each and rising as high as $50.09 per share in early trading. The stock lost some of that steam in later trading, priced at $45.84 per share, up 76% ($19.84 each) at 12:37 p.m.

The stock’s performance forced Pivotal Research Group senior research analyst Brian Wieser to downgrade the stock from a “buy” to “sell” after it far exceeded his $30 per share 12-month price target.

For the full story go to