A season-ending injury to Houston Texan running back Arian Foster has also sidelined an IPO proposing to sell a stake in the football star’s future earnings.
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.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
He says he and funds run by his son and a partner bought the shares for about $58 each, and sold them in several blocks this month for $304.23 and $341.44 apiece.
Shortly after the markets opened Friday, Google Inc. shares jumped 14 percent to $1,015.46 and closed a day heavy trading at $1,011.41. The gains marked Google’s biggest one-day jump in more than five years.
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 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.
Pandora stock hit an all-time high Thursday in the wake of a court ruling that should help trim its songwriter royalty costs.
Facebook’s stock closed above $40 for the first time on Friday. The social network’s shares have gained 53 percent since July 24, when it reported strong growth in mobile ad revenue and a solid profit during its second quarter.
Billionaire investor Carl Icahn’s announcement that he had acquired a large but unspecified stake in Apple and that he had a “nice conversation” with CEO Tim Cook caused Apple’s market value to rise Tuesday by about $13 billion.