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Eight Interesting Facts about the Twitter IPO (TWTR)

Eight Interesting Facts about the Twitter IPO TWTR
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That little bird is now a publicly traded bird.

Twitter (NYSE: TWTR) IPO-ed Thursday and after opening at 10:51 a.m., immediately rocked to about $45.25 or 73 percent higher than its offering price. If you were lucky enough to get your hands on shares at the offering price, good for you (and leave a comment and tell us how you did it.)

We thought we would compile a few of the more interesting facts about the Twitter IPO that you might use as trivia next time you’re in one of those swanky Wall St. bars chatting it up with Carl Icahn. (Or watching the games this weekend at a local sports bar.)

Twitter closed up 72.69 percent Thursday at $44.90. That values the company at $31 billion according to the Associated Press. Based on that figure, Twitter is larger than a lot of the companies that investors consider to be corporate behemoths such as:

Marathon Oil Corporation (NYSE: MRO)

Adobe Systems (NASDAQ ADBE)

Sprint (NYSE: S)

Teva Pharmaceuticals (NASDAQ: TEVA)

Deere & Company (NYSE: DE)

Netflix (NASDAQ: NFLX)

Wall Street is throwing around the 73 percent rise on Thursday but calculating it from the bottom end of the range that was first published in the S-1, the stock is up 164 percent from its original $17 published offering price.

There were no massive parties (that anybody knew about) at Twitter headquarters. According to all reports it was business as usual. One AP reporter noted that a group of employees greeted a team of advertising representatives at the doors of its headquarters. If you have to support a $31 billion valuation, that seems like a wise first move.

This was a huge win for the NYSE. Big brokers and Wall Street insiders took to the financial networks Thursday to say that the IPO was about as flawless as an offering of that size could be. "It's gone on pretty flawlessly," says JJ Kinahan, chief strategist at online brokerage TD Ameritrade.

Related: Did Twitter Make a Huge Mistake Pricing Shares at $26?

One of the biggest winners is Suhail Rizvi, a little-known India-born investor who made about $3.8 billion on his 15.6 percent stake in the company.

Here’s what some high profile names had to say:

Posted-In: deere & company Netflix twitterNews IPOs Pre-Market Outlook Tech Best of Benzinga


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