Twitter (TWTR) has finally taken flight as a publicly traded company. The microblogging site’s trading debut was a pretty spectacular one, with a first-day trading pop of about 73 percent.
The original price range of 17-20 was increased to 23-25, and then finally priced at 26. It still wasn’t high enough, as the stock topped 50in intraday trading, settling just under 45 for the day. Twitter raised $1.82 billion at the 26 price, but possibly could have pulled in $1.33 billion more had the company priced its new shares at 45.
How does the 73 percent jump compare to other tech and Internet names on their first day of trading?
You can see that Twitter’s performance is above average for the selected companies. For those that experienced price gains in the first day, Twitter was right in the middle.
The question now is whether the meteoric rise in Twitter’s stock will hold. If you enjoyed that chart, here are eight more to savor.
