TWTR: Photos from the NYSE as Twitter goes public
Twitter Inc soared as much as 92 percent in its first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the popular microblogging site in a frenzy that recalled the days of the dot-com bubble.
- Twitter CEO Dick Costolo (2nd L) looks at a trading screen on the floor of the New York Stock Exchange as Twitter stock goes on sale in New York November 7, 2013. Twitter Inc stock soared 92 percent in their first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market value to a heady $25 billion. (REUTERS)
- A sign displays the Twitter logo on the front of the New York Stock Exchange ahead of the company’s IPO in New York, November 7, 2013. Twitter Inc could face volatile trade in its debut Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. The microblogging network priced 70 million shares at $26 on Wednesday evening, above the targeted range of $23 to $25, which had been raised once before. The IPO values Twitter at $14.1 billion (8.8 billion pounds), with the potential to reach $14.4 billion if underwriters exercise an over-allotment option. (Lucas Jackson/REUTERS)
- Actor Patrick Stewart (R) and 9-year-old Vivenne Harr (C), who uses proceeds from her lemonade stand to fight slavery, ring the opening bell as Twitter co-founder Evan Williams and and Boston police officer Cheryl Fiandaca (L) look on during the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- Actor Patrick Stewart (R) and 9-year-old Vivenne Harr (C), who uses proceeds from her lemonade stand to fight slavery, ring the opening bell as Twitter co-founder Evan Williams and and Boston police officer Cheryl Fiandaca (L) look on during the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- Twitter CEO Dick Costolo (C) is interviewed before the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- Actor Patrick Stewart, 9-year-old Vivienne Harr, Cheryl Fiandaca of the Boston Police Department and Twitter co-founder Evan Williams pose before ringing the opening bell at the New York Stock Exchange in New York November 7, 2013. Twitter Inc could face volatile trade in its debut Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. (REUTERS)
- An electronic ticker announces the debut of the Twitter IPO at Times Square in New York, November 7, 2013. Twitter Inc shares were indicated at between $42 and $46 in a sign they would rocket higher in opening trade as investors bet on potential growth at the money-losing social media company. (Shannon Stapleton/REUTERS)
- Traders await the Twitter Inc. IPO on the floor of the New York Stock Exchange, in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- Twitter CEO Dick Costolo (C) stands on the floor of the New York Stock Exchange before Twitter stock goes on sale in New York November 7, 2013. Twitter Inc could face volatile trade in its debut Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. (REUTERS)
- Traders crowd the floor of the New York Stock Exchange ahead of theTwitter Inc. IPO in New York November 7, 2013. (Lucas Jackson/REUTERS
- Trading begins on the Twitter Inc. IPO on the floor of the New York Stock Exchange, in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- Twitter co-founder Evan Williams (C) looks on at the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- The Twitter logo is displayed on a banner outside the New York Stock Exchange (NYSE) on November 7, 2013 in New York City. Twitter goes public on the NYSE today and is expected to open at USD 26 per share, making the company worth an estimated USD 18 billion. (Andrew Burton/Getty Images)
- Twitter CEO Dick Costolo (C) stands with co-founder Evan Williams after the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Brendan McDermid/REUTERS)
- Twitter co-founders Evan Williams (L) and Jack Dorsey (C) walk together during the Twitter Inc. IPO on the floor of the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- A sign displays the Twitter logo on the front of the New York Stock Exchange ahead of the company’s IPO in New York, November 7, 2013. Twitter Inc could face volatile trade in its debut Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. The microblogging network priced 70 million shares at $26 on Wednesday evening, above the targeted range of $23 to $25, which had been raised once before. The IPO values Twitter at $14.1 billion (8.8 billion pounds), with the potential to reach $14.4 billion if underwriters exercise an over-allotment option. (Lucas Jackson/REUTERS)
- The Twitter logo is seen on the floor before the company’s IPO at the New York Stock Exchange in New York, November 7, 2013. (Lucas Jackson/REUTERS)
- A screen displays a Twitter and share price logo as it starts trading at the New York Stock Exchange (NYSE) on November 7, 2013 in New York. Twitter hit Wall Street with a bang on Thursday, as an investor frenzy quickly sent shares surging after the public share offering for the fast-growing social network. In the first exchanges, Twitter vaulted 80.7 percent to $47, a day after the initial public offering (IPO) at $26 per share. While some analysts cautioned about the fast-changing nature of social media, the debut led to a stampede for Twitter shares. (Emmanuel DunanAFP/Getty Images)
- Twitter CEO Dick Costolo, Twitter co-founder Jack Dorsey, Twitter co-founder Evan Williams and Twitter co-founder Biz Stone applaud as Twitter rings the opening bell at the New York Stock Exchange (NYSE) while also celebrating the company’s IPO on November 7, 2013 in New York City. Twitter went public November 7, on the NYSE selling at a market price of $45.10, with the initial price being set at $26 on November 6. (Andrew Burton/Getty Images)
- Traders on the floor of the New York Stock Exchange (NYSE) work as Twitter’s initial price offering (IPO) is finalized on November 7, 2013 in New York City. Twitter went public November 7, on the NYSE selling at a market price of $45.10, with the initial price being set at $26 on November 6. (Andrew Burton/Getty Images)
- Traders on the floor of the New York Stock Exchange (NYSE) work as Twitter’s initial price offering (IPO) is finalized on November 7, 2013 in New York City. Twitter went public November 7, on the NYSE selling at a market price of $45.10, with the initial price being set at $26 on November 6. (Andrew Burton/Getty Images)
- In this photo illustration, The Twitter logo is displayed on a mobile device as the company announced it’s initial public offering and debut on the New York Stock Exchange on November 7, 2013 in London, England. Twitter went public on the NYSE opening at USD 26 per share, valuing the company’s worth at an estimated USD 18 billion. (Bethany Clarke/Getty Images)
- A worker unveils a floor mat bearing the logo of Twitter and the symbol on which Twitter’s stock will traded (TWTR) on the floor of the New York Stock Exchange (NYSE) on November 7, 2013 in New York City. Twitter goes public on the NYSE today, it is expected to open at $26 per share, making the company worth an estimated $18 billion. (Andrew Burton/Getty Images)
The shares opened at $45.10 a share, up from the initial public offering price of $26 set on Wednesday, then added to those gains, hitting a high of $50. They were up 73.7 percent to $45.15 at midday, Reuters reports.