Quantcast


Last updated: October 24. 2013 4:37PM - 345 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Twitter has set a price range of $17 to $20 per share for its much-anticipated initial public offering and says it could raise as much as $1.6 billion in the process.


Twitter Inc. said in a regulatory filing Thursday that it is putting forth 70 million shares in the offering. If those are sold, the underwriters can buy another 10.5 million shares.


The San Francisco-based short-messaging service plans to list its stock under the ticker symbol "TWTR" on the New York Stock Exchange.


Twitter's IPO will be much smaller than Facebook's, which was marred by technical glitches on the Nasdaq stock exchange. Those problems likely led Twitter to the New York Stock Exchange. The company's stock should begin trading within the next few weeks.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com