Twitter prices above range to raise at least $1.8 billion

Home Forums Twitter prices above range to raise at least $1.8 billion

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 4 years, 2 months ago.

  • Author
    Posts
  • #2587

    Anonymous

    Technology News

    A file illustration picture shows the search tab for Twitter on a computer screen in FrankfurtTwitter Inc priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc. The microblogging network priced 70 million shares at $26, above the targeted range of $23 to $25, which had been raised once before. The IPO values Twitter at $14.1 billion, with the potential to reach $14.4 billion if underwriters exercise an over-allotment option, as they are widely expected to. If the full overallotment is exercised, Twitter could raise $2.1 billion, making it the second largest Internet offering in the U.S. behind Facebook's $16 billion IPO last year and ahead of Google Inc's 2004 IPO, according to Thomson Reuters data. The focus now turns to how Twitter stock will fare on Thursday.


You must be logged in to reply to this topic.

0 Shares
Share
+1
Tweet
Share
Stumble