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The Twitter IPO Experience From The NYSE Floor

Jack Dorsey, Dick Costolo, Biz Stone, bored reporters, excited traders, a little girl dressed as a Twitter bird, and Patrick Stewart. And all before 10 a.m.

1. Around 8 a.m. today, inside the New York Stock Exchange building at the intersection of Broad Street and Wall Street, a whole bunch of white dudes in suits formed a circle.

Mariah Summers / BuzzFeed

Handout / Reuters

 

2. What made this morning different was that the traders were joined by Twitter executives, who were there for the ceremonial ringing of the opening bell to mark the company’s first day of trading.

Mariah Summers / BuzzFeed

3. About 40 reporters were corralled in a pen and allowed to partake in the festivities, which primarily consisted of standing and waiting.

Mariah Summers / BuzzFeed

Reporters were asked to arrive by 7:45 a.m., though the opening bell doesn’t ring until 9:30 a.m., and Twitter shares didn’t actually start trading until 10:49 a.m.

4. The excitement was palpable…

Mariah Summers / BuzzFeed

5. …just look at the energy and enthusiasm of these guys!

Via Mariah Summers / BuzzFeed

6. They make the normally easily excitable Jim Cramer of CNBC seem calm.

Mariah Summers / BuzzFeed

7. Just before the bell, Twitter co-founder Jack Dorsey arrived, leading traders to break out the old “Hulk Hands” for some Twitpics.

@jack great to see you again, congrats on #TwitterIPO next up @Square #IPO 2014 @twitter @nysehulkfist

— Mike1012 (@Mike P.)

Mike P.

@Mike1012

@jack great to see you again, congrats on #TwitterIPO next up @Square #IPO 2014 @twitter @nysehulkfist

/ Via

8. Then, as if beamed in from the Starship Enterprise, Patrick Stewart (aka Captain Jean-Luc Picard) inexplicably appeared, instantly vaporizing bystanders’ dejection.

Mariah Summers / BuzzFeed

9. Even Twitter’s founders and chief executive seemed to be wondering what Patrick Stewart was doing there.

NYSE

Just look at the expression on the face of Ev and Biz.

10. As the bell rang, clapping ensued…

NYSE

11. …as did interviews, lots and lots of interviews…

Mariah Summers / BuzzFeed

Twitter CEO Dick Costolo spoke to CNBC’s Carl Quintanilla.

12. …CNBC even interviewed Patrick Stewart, who was allowed to wear jeans even though they are generally prohibited on the NYSE floor.

Mariah Summers / BuzzFeed

Mariah Summers / BuzzFeed

Mariah Summers / BuzzFeed

 

Many of the younger reporters in the pen were either unaware of Stewart’s celebrity altogether, or knew him only from his role as Professor X in the X-Men franchise. One millennial cameraman wondered if he was standing mere feet from Spock.

13. Meanwhile, everyone on the floor watched these screens waiting for traders to decide on an opening price and for Twitter’s shares to actually begin trading.

Mariah Summers / BuzzFeed

14. Well, maybe not everyone — some of us were just trying to get a perfect @SirPatStew selfie to kill the pain of more waiting around.

Mariah Summers / BuzzFeed

15. The boredom forced unfortunate selfie taking.

#TwitterIPO selfie (had to) killing time for opening

— mariahjsummers (@Mariah Summers)

Mariah Summers

@mariahjsummers

#TwitterIPO selfie (had to) killing time for opening

/ Via

16. Still, as famous as Patrick Stewart is, we were more interested in meeting 9-year-old Vivienne Harr, who rang the opening bell. She said she had dressed in the spirit of the Twitter bird.

Mariah Summers / BuzzFeed

17. The brave lemonade entrepreneur and human rights activist dared to cross over into the pen and pose with adoring reporters.

Mariah Summers / BuzzFeed

18. It seemed everyone was having fun with bird puns this morning.

On this #TwitterIPO day, our producer, @joshascher, cues the @foofighters' "Learning to Fly". @CNBC $TWTR

— carlquintanilla (@Carl Quintanilla)

Carl Quintanilla

@carlquintanilla

On this #TwitterIPO day, our producer, @joshascher, cues the @foofighters’ “Learning to Fly”. @CNBC $TWTR

/ Via

19. Finally, a trader shouted, “The book has frozen,” which meant the floor had agreed on a price and trading would begin imminently.

Mob hanging around Barclays booth to hear shouts on pricing for #twitteripo

— kajawhitehouse (@Kaja Whitehouse)

Kaja Whitehouse

@kajawhitehouse

Mob hanging around Barclays booth to hear shouts on pricing for #twitteripo

/ Via

20. And about an hour and 10 minutes after the opening bell, Twitter opened at $45.10, clapping and cheering enveloped the floor.

And we're off! $TWTR opens at $45.10! Congrats to the #twitter team #TwitterIPO #nyse

— perronenyx (@Vincent Perrone)

Vincent Perrone

@perronenyx

And we’re off! $TWTR opens at $45.10! Congrats to the #twitter team #TwitterIPO #nyse

/ Via

21. NYSE staff gave themselves a thumbs-up for the glitch-free IPO.

Mariah Summers / BuzzFeed

Unlike Facebook’s first day of trading, which was marred by technical glitches at the Nasdaq, the NYSE pulled off a seamless debut for Twitter.

22. Within minutes after the opening of trading, the pen was empty. It was over. Even Patrick Stewart had vanished without a trace.

Mariah Summers / BuzzFeed

23. As we exited the exchange, a drizzle had descended over Wall Street. It was clear that on this day, Twitter had made it rain.

Mariah Summers / BuzzFeed

Check out more articles on BuzzFeed.com!

Mariah Summers is a business reporter for BuzzFeed News and is based in New York. Summers reports on hospitality, travel and real estate.
Contact Mariah Summers at mariah.summers@buzzfeed.com
 
 
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