Thursday, October 24, 2013

Twitter To Sell 70 Million Shares At $17 To $20

Twitter To Sell 70 Million Shares At $17 To $20

Earlier today we reported that Twitter IPO price range will be unveiled soon, and the company has finally filed a new document with the SEC that details exactly how much it wants for the shares its willing to sell. According to the document, Twitter is going sell 70 million shares in the price range between $17 and $20. The microblogging network will raise nearly $1.4 billion dollars if we go by these figures, becoming the second biggest tech IPO since Facebook last year with the company itself valued at $10.9 billion. IPO is now set to price on November 6th and some expect the IPO to be conducted prior to Thanksgiving.

Ubergizmo , Twitter To Sell 70 Million Shares At $17 To $20, Twitter To Sell 70 Million Shares At $17 To $20