Twitter Prices Its IPO At $26 Per Share

Posted on Nov 7 2013 - 11:37am by Editorial Staff

Twitter announced Wednesday via its own official Twitter page that it priced its initial public offering at $26 per share. The price range which was been expected while the company plans to sell 70 million shares out of total of 545 million outstanding shares.

The micro-blogging giant revealed back in September that it had filed for the offering while it released its S-1 form publicly only in early October. It is expected that the company will raise $1.82 billion from the offering.

Twitter will ring the New York Stock Exchange opening bell on Thursday and will trade under the TWTR symbol.

 

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.