Click here to preview the new Fast Company

Want to try out the new

If you’d like to return to the previous design, click the yellow button on the lower left corner.

Twitter Plans To Sell Shares For $17 To $20 Each

The social network expects to raise about $1.3 billion.

Twitter plans to price its IPO at $17 to $20 per share, the company disclosed Thursday. At the midpoint of its price range, it would raise $1.3 billion.

The social network plans to initially sell 70 million shares in a deal that values the company at up to $11.1 billion.

Twitter is expected to set a final price for the offering on November 6, according to Wall Street Journal sources cited as "people familiar with the company’s thinking."

[Image: Flickr user Leonard John Matthews]

Add New Comment