Though Twitter on Wednesday announced its IPO share price at $26, Reuters’ Olivia Oran on Thursday said shares of TWTR will open between $42 and $46, due to strong investor demand. According to two sources familiar with the deal, investors asked for 30 times the number of shares Twitter originally offered. After raising between $1.8 billion and $2.1 billion for its IPO, Twitter is currently valued at $14.1 billion, with the potential to reach $14.4 billion if a full overallotment is exercised (which is to be expected).
Understandably, Twitter employees were the first to celebrate the company’s IPO, and many of them took to the microblogging network to announce their pride in working for Twitter, using the hashtag “#Ring.”
First, a tweet from the master of ceremonies, the official bell ringer on behalf of Twitter, actor Patrick Stewart:
Twitter (TWTR) IPO Arrives: Share Price Explodes, Employees Celebrate On Twitter
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