UPDATE: Twitter surges in opening trade on NYSE

UPDATE: Twitter surges in opening trade on NYSE

NEW YORK (AP) — Shares of Twitter went on sale to the public for the first time today, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty expectations for the most anticipated initial public offering since Facebook last year. At the opening bell, the social network that changed the way people communicate and share information worldwide was valued at $31 billion – more than Macy’s and roughly comparable to the parent company of KFC and Pizza Hut or tractor and tool maker Deere & Co.