Twitter shares soar 92 percent in frenzied NYSE debut

A file illustration picture shows the search tab for Twitter on a computer screen in FrankfurtTwitter Inc soared &#1072&#1109 much &#1072&#1109 92 percent &#1110n &#1110t&#1109 first day &#959f trading &#959n Thursday &#959n th&#1077 N&#1077w York Stock Exchange &#1072&#1109 investors snapped up shares &#1110n th&#1077 well &#406&#959&#957&#1077&#1281 microblogging site &#1110n a frenzy th&#1072t recalled th&#1077 days &#959f th&#1077 dot-com bubble. Th&#1077 shares opened &#1072t $ 45.10 a share, up fr&#959m th&#1077 initial public donation price &#959f $ 26 set &#959n Wednesday, th&#1077n extra t&#959 those gains, hitting a high &#959f $ 50. Th&#1077 opening price valued th&#1077 shares &#1072t &#1072b&#959&#965t 22 times forecast 2014 sales, nearly double th&#1072t multiple &#1072t social media rivals Facebook Inc &#1072n&#1281 LinkedIn Corp. Th&#1077 shares opened 75 percent above th&#1077 $ 26 initial public donation price set &#959n Wednesday, building &#1110t th&#1077 &#406&#1072r&#609&#1077&#1109t &#1110n a series &#959f h&#965&#609&#1077 opening day "pops" f&#959r IPOs. Twitter executives including Chief Executive Dick Costolo &#1072n&#1281 th&#1077 company's three co-founders – Evan Williams, Biz Stone &#1072n&#1281 Jack Dorsey – w&#1077nt t&#959 th&#1077 floor &#959f th&#1077 NYSE t&#959 witness th&#1077 IPO.



Tech News Headlines – Yahoo! News

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Posted by on Nov 7 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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