Twitter must be feeling pretty good ahead of its IPO
scheduled for later this week to boost the price range of its initial offering
to $23-$25 per share up from a range of $17-$20. This increase in price could
raise up to $2B for the company and give it a market value of about $15.6B. The
company is set to price shares Wednesday November 6th and start
trading the following day.
Reports are indicating that even with the increased price, Twitter will easily be able to sell the 70M shares it is offering.
Twitter is a seven-year-old micro-blogging social network that reported losses of $134M last year on revenue of nearly $422M. Twitter is cautiously trying to avoid replicating Facebook’s disastrous IPO that didn’t provide a return for investors until nearly a year later.
- Twitter’s IPO To Value The Company At $11B
- Twitter Chooses NYSE as Sales and Losses Rise
- Twitter’s IPO Date
- Twitter Unveils IPO Details
- The Twitter IPO
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