Twitter (TWTR) IPO Arrives: Share Price Explodes, Employees Celebrate On Twitter
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Twitter Inc. (NYSE: TWTR) is poised for its official Wall Street debut Thursday, as the San Francisco-based social network is almost ready for its initial public offering on the New York Stock Exchange under the ticker symbol “TWTR.”
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:
#ring so proud to be part of something amazing company that truly puts the user first! #growingourbusinessinawaythatmakesusproud
- Mariabrisa Olivares (@MariabrisaO) November 7, 2013
Everyday I pinch myself that I get to work here, today I had to pinch myself a little bit harder. #ring pic.twitter.com/RSh25dt0m1
- Brier Avil (@BrierAvil) November 7, 2013
#ring so proud to be part of something amazing company that truly puts the user first! #growingourbusinessinawaythatmakesusproud
- Mariabrisa Olivares (@MariabrisaO) November 7, 2013
Incredibly proud today #Ring pic.twitter.com/C60vE0lIgZ
- Joel Lunenfeld (@joell) November 7, 2013
Excited to start our journey as a public company. #Ring pic.twitter.com/ZHUnE45I2p
- Richard Alfonsi (@ralfonsi) November 7, 2013
#Ring pic.twitter.com/Bq1ZkfrUn4
- Sarah Lindberg (@sarahe) November 7, 2013
Everyone is ready over here. Let's do this. #ring pic.twitter.com/EdYoi7MD8z
- Kristin Kanaar (@KristinK) November 7, 2013
- Twitter (@twitter) November 7, 2013
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