Yesterday was Twitter’s first day of trading on the NYSE. The company set its initial IPO price at $26 per share, but the first trade came in at $45.10 and closed at $44.90, making the company worth about $25 billion. Most important for Twitter is avoiding the problems that plagued Facebook’s IPO back in May 2012, and so far Twitter’s IPO has been much smoother. For example, no computer glitches in early trading, choosing the NYSE over Nasdaq, and underwriting by Goldman Sachs all might have contributed to Twitter’s success so far. But there are still concerns about Twitter, most significantly the fact that the company still loses money.
Read more at Forbes here