Twitter Surged 73% Yesterday, Biggest Day-One Jump For IPO Of More Than $1 Billion Since 2007

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Twitter surged 73 percent to $44.90 yesterday, the biggest day-one jump for an IPO of more than $1 billion since 2007, according to data compiled by Bloomberg. The company received orders for about 30 times as many shares as it offered at the $26 IPO price, according to a person with knowledge of the matter. Comparatively, Facebook was little changed in its debut and slumped 11 percent the next trading day.

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