Twitter has set the price range for its highly anticipated initial public offering at between $17 and $20 per share, according to a document filed on Thursday with the Securities and Exchange Commission. The company plans to raise as much as $1.61 billion by selling between 70 million and 80.5 million shares. With some 544.7 million shares outstanding after the IPO, this puts the value of the company at $10.08 billion based on an $18.50 average price.
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Twitter Charts Conservative IPO Course
Posted by: Peter Suciu October 25, 2013 03:23 PMTwitter has set the price range for its highly anticipated initial public offering at between $17 and $20 per share, according to a document filed on Thursday with the Securities and Exchange Commission. The company plans to raise as much as $1.61 billion by selling between 70 million and 80.5 million shares. With some 544.7 million shares outstanding after the IPO, this puts the value of the company at $10.08 billion based on an $18.50 average price.