Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Shares of Barracuda Networks Inc. jumped in their debut on the New York Stock Exchange on Wednesday.
In anticipation of Twitter’s initial public offering this week, San Francisco Mayor Ed Lee took a stroll down Market Street on Monday to check out and assess the rapidly changing Mid-Market area.
Twitter’s IPO could now raise more than $2 billion.
The New York Stock Exchange says its test run of Twitter’s initial public offering was a success, as the exchange takes pains to avoid the technical problems that marred Facebook’s debut.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
The unusual investment opportunity kicked off Thursday with an IPO filing proposing to sell stock for a stake in the future income of the Houston Texans’ Arian Foster, a top running back in the National Football League.
Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.
The personal fortune of Twitter co-founder Evan Williams probably will take up 10 characters once the online communications company goes public.
Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts.