Having started the day priced at $26 each, Twitter’s share closed at $44.90, giving the microblogging site a value of just over $31 billion.
With more than 13 million shares traded in the first hour after the New York Stock Exchange (NYSE) opened alone, it was far and away the biggest technology listing since that of Facebook in 2012. Twitter’s choice of exchange ahead of the technology-rich Nasdaq exchange proved somewhat surprising, however as a way of avoiding the technical glitches and delays that Facebook’s IPO launch experienced it clearly worked.