Social Networking Company Twitter Closed For $44.9 On The First Day Of Listing.

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< p > Beijing time 23:49 on November 7th, Twitter < a href= "//www.sjfzxm.com/news/index_cj.asp" > stock < /a > started trading at the NYSE, opening at 45.1 US dollars, rising 73% compared with the issue price of $26.

In day trading, Twitter's stock price was $50.09, the lowest being $44.

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P, a well-known social networking company Twitter, was officially listed on the New York Stock Exchange last night. Its opening price was 45.1 U.S. dollars, closing at 44.9 U.S. dollars, up 72.69% from the issue price of 26 US dollars. According to the total share capital 695 million shares (including options and restricted stock), Twitter's closing market value reached 31 billion 200 million US dollars.

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< p > according to Thomson Reuters data, the volume of Twitter reached 11 million 800 thousand at the beginning of the opening period, and reached 117 million shares at the close.

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< p > Twitter on Thursday morning, the issue price of initial public offering was set at $26, much higher than the initial range of $17 to $20.

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< p > according to the original plan, Twitter will issue 70 million shares, and will also give the Underwriters 10 million 500 thousand shares of the excess allotment option. This makes it the largest company to raise funds for IPO after the Facebook listing, and ranks fifth among the US technology companies in the initial public offering, ahead of Google.

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< p > according to Twitter's recent submission to the us a href= "//www.sjfzxm.com/news/index_cj.asp" > Securities < /a > Trading Committee's documents, the company's revenue in the past year was 534 million US dollars, with a loss of US $143 million.

According to the US general accounting standards, Twitter may not turn into a deficit until 2015 or 2016.

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< p > before that, the market was optimistic about Twitter < a href= "//www.sjfzxm.com/news/index_cj.asp" > Listing /a >. The development of Twitter is far better than the Facebook of the year, and it is expected that the performance of Twitter will be rising due to the fact that the current capital market in the United States is getting warmer and the stock market has performed well on the first day in the US.

But Scott Kessler, a leading technology analyst, believes that Twitter is currently overvalued and $13 billion is reasonable.

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< p > it is worth mentioning that there is a dissonant note emerging in the applause.

Less than two hours after the paction, Pivotal Research Group, a research firm, downgraded Twitter to "sell" and set the target price at $30, but the news did not affect the market's enthusiasm.

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< p > Twitter was founded in April 2007. At present, the number of employees is 2300, the number of monthly active users is 230 million, and 77% of them are from overseas.

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