Share Numbers and Pricing Revealed for Twitter IPO

Posted by


4 Flares 4 Flares ×

Share Numbers and Pricing Revealed for Twitter IPO   tumblr ljyirtXN0h1qch7b8o1 1280 500x333

Remember earlier this month when impatient investors hungrily bought up stock in Tweeter Home Entertainment, a bankrupt consumer electronics retailers that used the stock ticker TWTRQ, which people mistook for Twitter? That was pretty funny.

Twitter’s actual IPO is getting close now and details about their stock offering are becoming available. The company will be selling off 70 million shares with a price somewhere between $17 and $20 a pop.

If the underwriters don’t pick up their option, that’ll be another 10.5 million shares available for purchase. If the 70 million shares go for $20, that’s $1.4 billion for Twitter. That number will rise to a little over $1.6 billion if those shares are purchased.

There’s still no specific date for when Twitter is hitting the market, but with all of this information out, it can’t be long.

via The Verge

About

Dylan Duarte is a freelance writer who's covered film, television, videogames, and of course tech! He's also an aspiring screenwriter and likes that watching movies is considered "work" because of it. You can follow him on twitter @dylanduarte, but be warned that it's mostly the nonsensical ramblings of a potty-mouth.

4 Flares Twitter 2 Facebook 2 Google+ 0 Reddit 0 Pin It Share 0 Email -- 4 Flares ×
More in Digital Lifestyle
nokia-smartwatch
Nokia Patents Multi-Display Facet Smartwatch Design

Design concepts for the smartwatch that Nokia just patented make me wonder what well-known products looked absolutely insane in earlier...

Close