When Did Twitter Ipo

When did twitter ipo


On Thursday, shares of social media company Twitter dropped below their IPO price of $26.

When did twitter ipo

The intraday low was $25.94 a share. Shares later ended the day down 5.8 percent at $26.

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Twitter went public on Nov. 7, 2013, and ended its first trading day at $44.94 (up 72.84 percent).

Last month, co-founder and interim CEO Jack Dorsey said in an earnings release that the company was facing problems growing its user base.

"Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience," he said.

When did twitter ipo

"In order to realize Twitter's full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter's value faster and better communicate that value."

Read MoreTweet this: Twitter has lost nearly half its value in 4 months

The company has lost about half of its value in just four months, since April 8. The stock has continued to slip on the news of poor performance and uncertainty around its leadership.

However, the stock did get a boost last week when an SEC filing showed that Dorsey had purchased 31,627 shares of the company.

When did twitter ipo

Notably, Dorsey is just one of several Twitter insiders to buy the stock in recent days. That could signal the board and executive team are making a bet that this is the bottom for the stock.

When did twitter ipo

According to a separate SEC filing, board member Peter Currie purchased 9,200 shares on Friday.

However, Dorsey's purchase came after he had sold around 400,000 shares in the last couple of quarters amid turbulence after Dick Costolo stepped down as CEO and stock dropped.

Click here to see how Twitter is trading.

—CNBC's Jacob Pramuk contributed to this report.

When did twitter ipo

Twitter's stock since it went public in 2013. Source: FactSet.

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