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Twitter raises USD 1.82 billion in IPO

2013-11-07 08:27:00| Telecompaper Headlines

(Telecompaper) Twitter has priced its initial public offering of shares at USD 26 per share, higher than the already increased range of USD 23-25 per share. With the offering of 70 million shares, this will give the company gross proceeds of USD 1.820 billion. The underwriters have an option to sell another 10.5 million shares in the next 30 days. The shares will start trading on the New York Stock Exchange 07 November.

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