Deals
Twitter Surges in Trading Debut After $1.82 Billion IPO
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Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth.
The stock rose to $44.90 at the close in New York from the initial public offering price of $26, delivering the biggest one-day pop for an IPO that raised more than $1 billion since Alibaba.com Ltd. debuted in 2007, according to data compiled by Bloomberg. Twitter sold 70 million shares, raising $1.82 billion.