The Twitter IPO was the most anticipated since Facebook went public last year. The trading this morning has gone smoothly and without issue. The Facebook IPO was a nightmare with buyers and sellers not receiving confirmations on the first day of trading.
Co-Founder Jack Dorsey’s first tweet after Twitter IPO
Twitter now has a market cap over $31 billion, which trumps blue chips General Mills, Deere & Co., and Norfolk Southern. Twitter is now twice the size of Ralph Lauren. All of this despite Twitter having not turned a profit in their seven years as a company.
TWTR is currently trading at $45.22 in heavy trading.