Twitter has a dream listing on NYSE

The equity shares of microblogging site Twitter Inc soared 92% in its first day of trading on Thursday in the New York Stock Exchange.

The company concluded its initial public offering on Wednesday at a price of $26. There was huge demand for the shares and a band of $45 to $47 was projected before the stock finally opening at $45.10.

The stock went on to hit an intraday high of $ 50.09. The stock hit an intraday low of $44 and was trading at $46.20, up by $20.20 or 77.69%.

The market capitalization of the stock was near $25 billion.

Sources said the IPO evoked strong demand, with the issue receiving interest for 30 times the number of shares on offer.

Source : Equity Bulls

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