Twitter and its bankers set the price for its IPO at $26 per share Wednesday afternoon, with everything set for shares of TWTR to begin trading tomorrow on the New York Stock Exchange. It’s the most anticipated — and hyped? — IPO since Facebook went public in May 2012. And Twitter execs hope the comparisons to Facebook’s IPO, which was met by eager sellers and technical glitches, ends there. Twitter tweeted the share-price news this afternoon. It’s offering the public 70 million shares, which would value the company at $14.2 billion. It’s raising $1.82 billion in the offering. Twitter could later sell another 10.5 million shares if the demand is there.
Posted on: Thu, 07 Nov 2013 20:49:21 +0000
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