Twitter IPO Will Price 70 Million Shares At $17 – $20By: Chris Crum - October 24, 2013
Twitter filed an amendment to its Form S-1 registration statement with the SEC today revealing that it will offer 70 million shares at a price range of $17-$20.
Twitter says in the document:
Prior to this offering, there has been no public market for the common stock. It is currently estimated that the initial public offering price per share will be between $17.00 and $20.00. Our common stock has been approved for listing on the New York Stock Exchange under the symbol “TWTR”.
We are an “emerging growth company” as defined under the federal securities laws and, as such, may elect to comply with certain reduced public company reporting requirements for future filings.
Last week it was revealed that Twitter would officially be trading as TWTR on the New York Stock Exchange.
The exact date of the IPO is yet to be determined, but ti is expected in November, maybe even as early as the 4th, according to some reports.
Earlier this week, Twitter secured a $1 billion line of credit.
Image: Twitter (SEC)