Twitter Surges More than 70% in Debut

Twitter Shares Surged More than 70% in its Initial Public Offering (AP)

Twitter (TWTR) began trading today on the New York Stock Exchange under the ticker symbol TWTR and the shares are up more than 70 percent, valuing the company at more than $31 billion. The company raised $1.8 billion with its initial public offering (IPO). The IPO share-price of $26 means the seven-year-old short messaging, social media company will raise $1.8 billion in the offering, before expenses. If the IPO raises more than $1.92 billion, with its overallotment, TWTR would surpass Google as the second-highest IPO in U.S. history. Watch for the stock to pull back later once short-term trader start to cash out their quick gains. The stock earlier this morning traded as high as $50.09 as share before pulling back to $45.66 at 11:30 a.m. EST.

Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.