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Twitter trading much higher than IPO price

  • Twitter's stock market debut is nothing like Facebook's since the company exploded this morning and traded about 74 percent higher than the IPO price. 

    The stock was up from the initial offering to $50 around 11:05 am and volume hit 13 million just before 11:00 am. 

    A strategist referred to this as being "hugely impressive," even though shares of the company were always expected to be in high demand. He said this is "further evidence of the hunger to invest in innovative new media types."

    Tagged as: twitter ipo, twitter early trading, twitter, money news, business news