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Twitter stock soars in IPO

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Shares of Twitter soared to close almost 73 percent above their offering price in their first day on the stock market.

The company priced its initial public offering at $26 a share, and shares jumped to a high of $50.09 before closing the day at $44.90, according to CNNMoney.

A price near $45 a share values Twitter (NYSE: TWTR) at $24.4 billion.

Read more from CNNMoney.

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