Twitter IPO
Twitter Inc.’s IPO matched its hype. The micro-blogging site raised $1.82 billion by selling 70 million shares on Nov. 6 in the year’s most highly anticipated IPO. The next day, investors bid its stock up to as high as $50 a share on the New York Stock Exchange. Twitter closed its inaugural day of trading at $44.90, giving it a market capitalization of $31 billion.
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