Twitter received in New York with gains of 73% - Economic
shares soar 73% to $ 45 on debut. Were sold at $ 26 in IPO. Twitter is worth 24 billion.
The actions
Twitter debuted on the stock to accelerate 73% to $ 45.10, compared to $ 26 that were sold in the IPO. This gives the micro-blogging company a market capitalization of around 24,600 million dollars.
In the IPO brought yesterday to the survey on the stock of 1.82 million dollars, Twitter was close to the IPO of Google, which in 2004 managed to raise 1.9 billion dollars. The debut today is the most successful of a technology since the entry into the pouch Facebook last year. According to Reuters progressed, the demand exceeded the IPO at 30 times oversubscribed and half the papers sold was in the hands of institutional investors.The enthusiasm of markets with network micro-blogging thus creates additional pressure on Dick Costolo and his team, who will respond well to the expectations created around the growth company for years to come. Even Costolo spoke to investors in revenue growth at double-digit rates.
Unlike the controversial debut of Facebook in May last year, the entry into trading shares of Twitter is being seemingly quiet although expect some volatility during the session.Twitter also could not have picked a better day for the premiere. The North American markets, historic days living with major indexes hit consecutively maximum this year, supported the business results but also the stimulus from the Federal Reserve, returning to the gains today after the Commerce Department announced that the U.S. economy America grew at an annualized pace of 2.8% in the third quarter, more than expected.
In Europe, the European Central Bank (ECB) surprised almost everyone with an interest reduction to 0, 25%, a new record low, with the aim of halting deflationary pressures in the euro and at the same time giving a strong boost to the fragile economic recovery.
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