Multi-millionaires at the double: Twitter founders see instant riches as shares offered at $26 soar in minutes to $47
Posted 11/7/2013 12:14:00 PM

Twitter shares soared to nearly double their  IPO price when they launched this morning, valuing the social media giant at  more than $31 billion and making its founders instant  multi-millionaires. 

Twitter stock were offered at $26 but within  minutes they soared some 73 per cent to $45.10 each in what was the most highly  anticipated trading debut since Facebook's last year. By 11:20 a.m. the shares  were trading even higher at $47.85 - or 84 per cent above the IPO  price.

The resounding debut rendered co-founder Jack  Dorsey an instant multi-millionaire, with a paper value of more than $865  million up from the $500 million he may have been expecting.

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Posted By: Producer Thomas  
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