Twitter IPO: 70 Million Shares, $17-20 Per Share, Raising $1.4 Billion At $11 Billion Valuation
Twitter has revealed a series of key details for its impending IPO, and, while interesting, the numbers are not quite as big as many analysts had been anticipating.
Twitter has announced that it plans to sell 70 million shares – around 13 percent of the company – priced between $17 and $20 per share, valuing the firm at $11.1 billion.
This will raise up to $1.4 billion for Twitter.
There’s been some speculation that Twitter has gone in on the lower end of their IPO forecast to avoid a repeat of Facebook’s IPO fiasco last year, which many blamed on an initial overpricing of the stock.
However,
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in