Wall Street investors and Twitter employees were up early Thursday morning to breathlessly count the minutes—and the pennies—until the stock market opened in New York and Twitter’s share price would be decided.


Twitter avoided the IPO catastrophe that befell rival Facebook last year and smoothly debuted on the New York Stock Exchange at $45.10 a share. That’s much higher than the $26 Twitter had set for each of the 70 million shares the network is initially offering. At that price, Twitter is worth about $31 billion. Twitter’s early investors are now rolling around in their piles of cash on the floor of the stock exchange. (That’s how IPOs work, right?)


In a throwback to the first tweets, cofounder Jack Dorsey Vined the first moments of Twitter as a publicly traded company:









Subscribe to the Best of TechHive Newsletter











Thank you for sharing this page.




Sorry! There was an error emailing this page