Twitter shares began trading on the New York Stock Exchange on Thursday morning, soaring nearly 75 percent to a first trade of $45.10, much above the $26 share price the company set on Wednesday evening.
At $45 per share, the company would be valued at about $30 billion, trading at about 30 times revenue.
The company’s public market debut came off almost entirely without a hitch, markedly different from the technical problems that plagued Facebook upon the social giant’s 2012 Nasdaq debut. Indeed, that has been Twitter’s exact goal, aiming for a low-profile Wall Street debut by covertly filing its S-1 and keeping its level of roadshow hype as muted as possible.
You can track the stock’s activity here.