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Twitter Shares Said To Begin Trading Between 17 And 20 Dollars Each

Twitter Sets IPO Price Of 17-20 Dollars by Justin Sullivan, Getty Images
Justin Sullivan, Getty Images

Twitter is planning to offer seventy million shares in its initial public offering.

The company expects to raise about $1.4 billion through the IPO, shares set to debut on November 6, 2013.

Some say that Twitter officials have learned an important public relations lesson from Facebook, with a much touted IPO that drew criticism after expectations never met initial expectations.  Twitter is being rolled-out in a much more low key manner.  Despite the apparent disappointment, Facebook still managed to raise about $16 billion through its IPO.

According to Twitter’s prospectus the value placed on the company is approximately $10.9 billion dollars.

 

 

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