THE TRADER'S JOURNAL

Stock, Forex, Futures, Options Trading Magazine

Tue07252017

Last updateFri, 22 Nov 2013 4am

Back You are here: Home Trading Trading The Markets Stocks Twitter Raises $1.82 Billion Pricing IPO Above Offer Range

Market Observations

Twitter Raises $1.82 Billion Pricing IPO Above Offer Range

 Twitter Inc. (TWTR) raised $1.82 billion in its initial public offering, seizing on demand for its shares to price the stock above a proposed range.

The sale, the largest IPO by a technology company since Facebook Inc. (FB)’s debut in May 2012, values the short-messaging website at $14.2 billion. Twitter sold 70 million shares at $26 each, after offering them for $23 to $25, the San Francisco-based company said in a tweet. Goldman Sachs Group Inc. led the sale, working with Morgan Stanley (MS) and JPMorgan Chase & Co. (JPM). Full story