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Twitter tweeted “#Ring!” as soon as the markets opened at 9:30, but it wasn’t until shortly before 11 a.m. that shares began trading — bringing back memories of Nasdaq glitches that caused delays during Facebook’s highly-touted IPO.

But the nearly 90 minute Twitter delay came because the New York Stock Exchange had a backlog of orders to process before trading could begin — a good sign by Wall Street standards.

Any concerns of a Facebook-style meltdown were quickly erased.

Twitter, which is selling 70 million shares as part of its IPO, will raise $1.8 billion. Thursday’s success boosted the company’s market valuation to nearly $25 billion. Facebook is valued at $115 billion.

Twitter originally set a target price of $17 to $20 for the IPO before raising the range to $23 to $25 last week. It set the final price of $26 late Wednesday.

From the looks of things, Twitter could have set the price even higher. At one point, shares climbed as high as $50.09.

Twitter’s underwriters wanted a higher IPO price, but company executives wanted a more conservative pricing point to allow room for growth on the first day of trading.

The stock was up even as the rest of Wall Street struggled Thursday.

The Dow Jones industrial average closed down more than 150 points, or nearly 1 percent, at 15,593.98. The S&P 500 index closed down more than 1 percent at 1,747.15. The Nasdaq composite closed down nearly 2 percent at 3,857.33.

As Twitter’s stock shot up, the Global X Social Media Index ETF, a fund that includes many social networks, including as Facebook, closed down Thursday by more than 3 percent at $18.84.

The success of Twitter’s rollout on Wall Street came in stark contrast to Facebook’s May 2012 launch.

Facebook set its price at $38 a share, and within minutes of opening it rose to $45. But the stock closed just a few cents above $38, and continued to drop to below $20 in the months following.

Facebook was a disaster when they went public,” Mr. Kagan said.

The good news for investors is that shares of Facebook have since recovered, and the company is trading above $47.

Groupon set its IPO price at $20, but demand pushed it up, so that it hit the markets at $28 a share on Nov. 4, 2011. Three weeks later, it closed below the IPO price and never recovered. On Thursday, it closed at $9.50, about one-third of the original price.

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