Twitter’s highly publicized and anticipated IPO launched today creating a whirlwind of hungry investors. The social media platform opened at $45.10 on the New York Stock Exchange (NYX) this morning (Thurs., Nov. 7), up 73 percent from the $26 initial public offering price. Twitter is the largest U.S. technology IPO since Facebook, Inc. went public nearly two years ago.
Trading under the symbol TWTR, the frenzy escalated until reaching a high today of $50.09, closing at $44.90 a share.
While revenues have more than double over last year, Twitter has yet to make a profit.
[fbcomments count="off" num="3" countmsg="Comments" width="100%"]
Category: Featured
About the Author
Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.View Author Profile
