Twitter shares soars 73% in stock market debut

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SAN FRANCISCO - Twitter shares soared Thursday as investors scrambled to get a piece of what they hope will be the next blockbuster social-media company after Facebook.

Twitter and its bankers, led by Goldman Sachs' Anthony Noto, priced its IPO at $26 a share late Wednesday.

The shares opened at $45.10 on the New York Stock Exchange, under ticker TWTR. The stock climbed as high as $50.09 before closing at $44.90, up 73%. That values the company at more than $31 billion, which compares with Facebook's market capitalization of $120 billion and LinkedIn's $26 billion.

STOCK GAINS: Twitter IPO sets billionaires in flight INVESTORS: How you can get Twitter IPO shares The gains highlight how euphoria is returning to the tech sector, fueled by optimism about the potential for social media to grab a big share of the booming online advertising business.

Facebook and LinkedIn shares are up at least 80% so far in 2013..

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