Twitter made its debut on the New York Stock Exchange Thursday morning at $45.10 per share, about 73% more than the $26 IPO price.
Reuters is reporting that demand for Twitter shares is huge. The wire service cites unnamed sources saying Twitter is "30 times subscribed," meaning investors are asking for 30 times the amount of stock being offered.
The downside of the huge demand is the belief that Twitter may have left money on the table. In other words, the company could have priced its IPO higher or offered more shares to raise more money.
Twitter's opening day performance stands in stark contrast to Facebook, which opened at $38 in May 2012 and closed at $38.23, rising a mere $0.23. Follow along for live updates of Twitter's first day as a publicly traded company.
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