Twitter on Monday gave would-be investors in its initial public offering more food for thought in a new Securities and Exchange filing. On one hand, it is clearly feeling confident about its valuation: The company raised the price range for its IPO to $23 to $25 per share, up from the $17 to $20 per unit it had established earlier. Twitter still intends to sell 70 million shares in the offering, which is scheduled to price on Wednesday. It will begin trading on Thursday.
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Twitter's Got High IPO Hopes
Posted by: Erika Morphy November 4, 2013 02:56 PMTwitter on Monday gave would-be investors in its initial public offering more food for thought in a new Securities and Exchange filing. On one hand, it is clearly feeling confident about its valuation: The company raised the price range for its IPO to $23 to $25 per share, up from the $17 to $20 per unit it had established earlier. Twitter still intends to sell 70 million shares in the offering, which is scheduled to price on Wednesday. It will begin trading on Thursday.