Twitter's IPO In Pictures
NEW YORK (TheStreet) -- After dominating headlines for weeks, Twitter
The San Francisco-based company priced its offering at $26 per share late Wednesday. Similar to its initial IPO offering, Twitter used its own social networking platform to reveal its final pricing. Goldman Sachs
The $26 per share offer was upwardly revised from the company's previous range of $23 and $25 a share and significantly higher than early estimates of $17 to $20.
After closing its first trading day 72.69% higher at $44.90, the social network's total market cap is in excess of $24 billion. At its initial $26 pricing, the company was valued at more than $18 billion.
Twitter reported $422 million in revenue through the first nine months of 2013, an increase of 120% from year-ago levels. About 70% of the company's advertising revenue comes from mobile, an excellent sign given it is primarily thought of as a mobile-first experience.