PCR Tech and IT retail, distribution and vendor news
Twitter has officially launched its initial public offering with $1.82 billion worth of shares.
Executives from the social media site rang the New York Stock Exchange bell today to mark an offering of 70 million shares worth $26 each.
The official Twitter account tweeted the following:
— Twitter (@Twitter) November 7, 2013
Twitter CEO Dick Costolo told CNBC, as reported by FT: "We’ve had consistent tremendous growth across the world frankly for the last several years.
"There is nothing structural in our business that prevents us from achieving the kinds of margins of other companies in our peer group. We will continue to make investments [into Twitter] as long as we see tremendous growth."
Famous faces were also in attendance, including Sir Patrick Stewart:
Honored to join @ev @jack @biz @dickc & the @Twitter team at their historic IPO this morning. #Ring! pic.twitter.com/XaJpYW2kIh
— Patrick Stewart (@SirPatStew) November 7, 2013
