Twitter joins the party: Investor demand soars for new stock offerings


Twitter Inc.’s impressive public debut can be summed up in less than 140 characters: The IPO market is back.

Shares soared 73 per cent on their first day of trading Thursday, underscoring what is shaping up to be a blockbuster year for initial public offerings.

The U.S. Federal Reserve’s easy money policies, plus the big gains by stock markets this year, have created a voracious appetite for new shares and made big first-day gains a regular occurrence. It has also created concern that investors may be paying too much for unproven stocks.

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