Twitter is expected to make its initial public offering (IPO) filing public later this week, with its goal to launch on the New York Stock Exchange (NYSE) before Thanksgiving of this year, reports Quartz, citing a source familiar with the matter.
Twitter’s IPO price is currently expected to be in the region of $28 to $30 per share, valuing the company between $15 and $16 billion.
These numbers can change one way or the other ahead of the IPO.
Twitter filed for its IPO on September 12, confidentially submitting an S-1 form to the Securities and Exchange Commission (SEC). This somewhat secret filing is a luxury afforded only to firms whose annual revenue is less than $1 billion, but it gives Twitter, who started receiving feedback from the SEC in August, important information that will help them determine whether now is the right time to go public.
Looks like they received some good news: the official filing of the S-1 is expected anytime. And once it’s done, we’ll know exactly how much cash is coming in, and going out, at Twitter.