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That oh so familiar blue bird called Twitter went public this morning and its already showing impressive numbers. The social media powerhouse opened its first day on the stock market at more than $45 per share late Thursday morning, which is significantly higher than the $26 per share the company had priced for its initial public offering the evening before.
The San Francisco-based short messaging service is offering 70 million shares in the IPO, plus an option to buy another 10.5 million. Twitter now has a market capitalization of just under $25 billion. After initially increasing to more than $50 per share, trading settled to around $45.30 before noon.
So, whose buying in?