In November 2013 the social media company Twitter went public on the New York Stock Exchange, raising about 1.8 billion dollars and valuing the company at roughly 24 billion dollars on its first day of trading. The offering came several years after Twitter had grown into a major public communications platform while still operating at a loss.
Facts
Event TypeInitial public offering 1 Cross-Tradition Connections
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The Twitter November 2013 initial public offering, priced at 26 dollars a share and nearly doubling on its first day of trading, is a finance-practice case study in IPO pricing and first-day pop.
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