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Business News/ Photos / Twitter IPO #Rings in @ high !

Twitter IPO #Rings in @ high !

5 Photos . Updated: 08 Nov 2013, 11:54 AM IST Livemint

For once the master of short code relaxed its count: the much-anticipated Twitter Inc. (TWTR) IPO opened on the New York Stock Exchange to a rapturous welcome from investors. By end of day the stock closed up 73% from its IPO price of $26. Pictures of the social networking star's debut on NYSE

#Twitter Inc. shares jumped 73% in its frenzied trading debut. The company was valued at $25 billion. AP

1/5#Twitter Inc. shares jumped 73% in its frenzied trading debut. The company was valued at $25 billion. AP

Having priced its IPO at a higher valuation than Facebook Inc. Twitter expects investors to pay a premium for its rapid growth. The official tweet from the company: #Ring!

2/5Having priced its IPO at a higher valuation than Facebook Inc. Twitter expects investors to pay a premium for its rapid growth. The official tweet from the company: #Ring!

Twitter CEO Dick Costolo (R) celebrates the company’s successful IPO with co-founders Jack Dorsey (L), Biz Stone (2ndL) & EvanWilliams on the NYSE floor. The San Francisco-based company is still unprofitable and has one-fifth as many users as Facebook. Reuters

3/5Twitter CEO Dick Costolo (R) celebrates the company’s successful IPO with co-founders Jack Dorsey (L), Biz Stone (2ndL) & EvanWilliams on the NYSE floor. The San Francisco-based company is still unprofitable and has one-fifth as many users as Facebook. Reuters

The Twitter stock surged 73% on its debut in NewYork, the biggest one-day gain for an IPO that raised more than $1 billion since Alibaba.com Ltd.’s debut in 2007. Reuters

4/5The Twitter stock surged 73% on its debut in NewYork, the biggest one-day gain for an IPO that raised more than $1 billion since Alibaba.com Ltd.’s debut in 2007. Reuters

Twitter closed at $44.90 up from its IPO price of $26 with the stock touching a high of $50 during the day. Reuters

5/5Twitter closed at $44.90 up from its IPO price of $26 with the stock touching a high of $50 during the day. Reuters

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