Twitter is now officially number two on the list of the top 10 internet initial public offerings of all time. While well behind Facebook, which raised over $16 billion, Twitter beat out Google, which raised only $1.7 billion in its IPO, and Yandex, the Russian search engine.
After hitting an opening high of as much $49 — an 89 percent pop — Twitter is now trading at $46 a share, which is still hugely up from its initial pricing of $26 from yesterday. At $26 per share, Twitter raised a bit less than $2 billion from the sale, putting it well over Google, Zynga, Groupon, and almost every one of the ten biggest Internet company IPOs in the U.S., ever:
Facebook: $16 billion
Twitter: $1.8 billion
Google: $1.7 billion
Yandex: $1.3 billion
Infonet Services: $1.1 billion
Shanda Games: $1.04 billion
Zynga: $1 billion
Giant Interactive Group: $887 million
Renren: $743 million
Groupon: $700 million