TechHive: Twitter sets IPO price at $26

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Twitter sets IPO price at $26 Nov 7th 2013, 00:25, by Martyn Williams and Zach Miners, IDG News Service Twitter has set its IPO price at $26 per share, a dollar above the top end of the price range it predicted earlier this week. The company said Wednesday that it plans to sell 70 million shares to the public starting Thursday. Underwriters have the option to sell an additional 10.5 million shares during the first 30 days. With the price announced, all eyes will be on the New York Stock Exchange on Thursday morning to gauge investor reaction and demand for the stock, which will trade under the symbol TWTR. Pre-IPO demand for the shares is reported to be several times the number of shares available. To read this article in full or to leave a comment, please click here Media files: twitter_logo-100041031-small.jpg

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