Twitter’s shares skyrocketed 81% during their market debut. In early trading, a positive dynamic was formed and the price charts went up steadily drawing more encouragement from investors and shareholders. The company’s management carefully orchestrated its debut trading on the NASDQ. The experts were considering all the possible scenarios to find out the best strategy and avoid pitfalls made by another giant corporation – Facebook. The result is obvious – the company pegged its initial public offering price at $26 per share, but securities were sold like hotcakes at $45 per share, delivering the 81% hike, the biggest rise in the shortest period of time. The company’s executives were personally watching the IPO success, whereas famous actor Patrick Steward opened the session. The legendary Capitan Jean-Luc Pickard from the Star Trek rang the opening bell to commence trading. The specialists forecast that the shares’ closing price on their maiden trading day will remain above the $30 per share, whereas during the day the securities jumped as high as $50.05 per share, overleaping Facebook. Facebook entered the market in spring 2013. Despite the investors’ anticipations, the first step was not successful. The shares lost in value 16% during the first 5 trading days. Moreover, they shed yet more 3.4% during the 6th day. The lowest level for the shares’ placement was at $38 per share. However, now it is even lower than it was during the IPO.
