If Twitter’s bankers and executives were hoping for a surge on the day of the stock’s public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price.
Many of us know Twitter for a place to get live up to the moment blurbs on what is happening around the world. Now, Twitter, a privately held company, has finally laid itself bare in documents that read more like a treatise than a tweet.
The biggest question surrounding the news that Twitter has filed for an initial public offering may be will the stock sell for less than $140. All kidding aside,Twitter’s IPO will be the most anticipated technology IPO since Facebook went public.
Seaworld Entertainment, Inc. is used to having big splashes made at its park on a daily basis. But the company made a huge splash Friday when it made a splash during its first day of trading on the New York Stock Exchange.
Facebook posted second-quarter earnings in line with Wall Street’s expectations: a mere 12 cents per share.
Facebook’s stock is worth $38.23 a share, closing up 23 cents in its first day of public trading.
Facebook updated its status to “public company” on Friday.
The cultural phenomenon that is Facebook is set to hit the stock market this week looking for $100 billion. But, results from a new Associated Press-CNBC poll found Americans aren’t exactly sold on investing in the social media empire.
This is a big week for Facebook and its founder Mark Zuckerberg, who is celebrating his 28th birthday Monday.