TechHive: Twitter to price its IPO shares between $17 and $20

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Twitter to price its IPO shares between $17 and $20 Oct 24th 2013, 21:12, by Zach Miners, IDG News Service Twitter plans to price its IPO shares between $17 and $20 when it lists on the New York Stock Exchange, the company said Thursday in a filing Based on an assumed initial public offering price of $18.50—the midpoint of the range—Twitter estimates the net proceeds from the sale of shares of common stock will be roughly $1.25 billion, the company said in documents filed with the Securities and Exchange Commission. Some 80.5 million shares of common stock will be registered, according to the filing. Releasing its IPO price range positions Twitter to begin its "road show," seeking to raise funds from investors across the country. In documents filed last week, the company said it would list its shares under the ticker symbol TWTR on the New York Stock Exchange, representing a big win for the market over rival Nasdaq. To read this article in full or to leave a comment, please click here Media files: stock_market_generic-100039880-small.jpg

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