‘Twitter’s IPO: Less Volatile Than Facebook’s and Less Profitable’ – ‘Mashable’

Seth Fiegerman says, “Anyone doubting whether Twitter could avoid Facebook’s missteps and pull off a successful IPO now has their answer.

Twitter ended its first day of trading at $44.90, an increase of nearly 73% on the day, valuing the company at just below $25 billion. That first-day increase isn’t just successful compared to Facebook, which ended its first day up just $0.23 above its IPO price. It makes Twitter one of the 15 most successful IPOs of the year to date, according to data provided to Mashable by Dealogic.

“It’s a classic IPO. That’s what you want: a pop on the first day,” Santosh Rao, an analyst with Greencrest Capital, told Mashable“.