Twitter will begin selling shares of its stock at $26 per share, the company said Wednesday, which is in the range that had been expected. The company will offer 70 million shares of its common stock, along with another 10.5 million that will be sold to its underwriters. The offering is expected to raise $1.8 billion. The shares are scheduled to go on sale tomorrow under the symbol TWTR.
Twitter prices its initial public offering at $26 per share
is the editor of the Platformer newsletter and cohost of the Hard Fork podcast.
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
— Twitter (@twitter) November 6, 2013
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