Twitter share price soars after float

Shares in Twitter (tick: TWTR) soared by 72 percent after it floated on the New York Stock Exchange (NYSE) yesterday.

Initially priced at $26 a share, the stock closed at $44.90, bringing potentially big profits to investors.

The bump in Twitter’s share price is in sharp contrast to Facebook’s IPO which saw the social networking site flutter initially.

Twitter’s stock surge is perhaps somewhat surprising, given that the company hasn’t made any money and, indeed, turned in a loss in the last nine months.