Twitter helps push new US share listings to 13-year high

Twitter's $1.8 billion share sale takes the total proceeds from new US share listings so far this year to $50.7 billion, Thomson Reuters data showed on Friday, the strongest year since 2000.

Twitter's share price jumped 73% in opening market trade on Thursday, driving the seven-year-old company's valuation to around $25 billion.

The amount raised by US stock market flotations is up 26% on the same period last year, according to the data, while the number of offerings is the highest since 2004.

Of the total, $37 billion was raised on the New York Stock Exchange , where Twitter chose to go public, while listings on Nasdaq accounted for $13.7 billion.

 

Bank of America Merrill Lynch is the top-ranked underwriter of US initial public share offerings (IPOs) this year with a 12.2 percent market share.