Twitter priced its initial public offering at $26 a share late Wednesday, a move that clears the way for the stock to start trading Thursday.
The company will begin trading on the New York Stock Exchange under the ticker "TWTR." Although it's not clear just how high the stock will go on its first day, it's possible that shares will surge well above the offering price.
While the stock market opens at 9:30 a.m. ET, Twitter's shares likely won't start trading right away. It typically takes time -- sometimes an hour or more -- for newly listed shares to begin actively trading on the day of their public debut. Ref. USA Today
Twitter Stock - TWTR (Hover)
Micro-blogging service Twitter will debut on the New York Stock Exchange on Thursday under the ticker TWTR. It marks the most important IPO since Facebook's debut in 2012. The offer will raise about $2 billion, making it the fifth-largest tech IPO in the U.S., just ahead of Google's 2004 market debut. Ref. USAToday
I have added TWTR to our daily take on stock. The opening is at $26 and you will be able to monitor TWTR Stock on a daily basis.
International Level: International Guru / Political Participation: 3231 100%
Twitter stock opened trading at $45.10 on the New York Stock Exchange on Thursday. That values the company at more than $30 billion, which compares to Facebook's market capitalization of $120 billion and LinkedIn's $26 billion value. Ref. USAToday
Twitter releases its diversity figures
After weeks of pressure from civil rights groups, Twitter released its diversity statistics Wednesday. Of the company's tech staff, 90% are male, 92% white or Asian. Just 2% of all staff are black, 3% Hispanic. Ref. USAToday