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Twitter Prices its IPO at $26 per Share for an Overall Value of $18.1 Billion

Twitter finally announces its initial public offering at $26 per share for total valuation of $18.1 billion which is much pricier than rival Facebook now. It is also expecting to raise more $1.8 billion by selling additional shares in next 30 days.

Nov 7 2013, 4:21am CST | by

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Twitter Prices its IPO at $26 per Share for an Overall Value of $18.1 Billion
 
 

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Twitter Prices its IPO at $26 per Share for an Overall Value of $18.1 Billion

Twitter has announced on Wednesday that the company sold 70 million common stock shares at $26 each. The micro-blogging site also said that its shares will go on New York Stock Exchange today under the symbol TWTR. Twitter is also giving one month option to underwriters to buy additional 10.5 million common stock shares.

Social giant is expecting to raise another $1.8 billion by the sale of these shares. Twitter's IPO price is 11.6 times higher than Facebook currently.

Twitter IPO price estimates are gradually raised. The company priced its expected IPO at $17-20 first. this amount was raised to $23-25 by the end of last month. Today the company sets IPO at $26 per share. It is also suggested by some recent estimations that Twitter's IPO price could reach upto $28. Let's see what will come in future.

Source: Twitter

 

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Kevin Hart Begins Filming 'Ride Along 2' with Ice Cube in Miami!

Source: Just Jared

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Kevin Hart gets into character as he arrives on set of his latest film Ride Along 2 on Monday afternoon (July 7) in Miami, Fla. The 35-year-old actor was joined by his co-star Ice Cube to begin work on the sequel to their 2013 hit film, which will take place in Miami to crack their next case. PHOTOS: Check out the latest pics of Kevin Hart “This is the face that you make when your director doesn’t get the joke your pitching,” Kevin shared on his Twitter account along with a pic o ...
Source: Just Jared   Full article at: Just Jared 7 minutes ago
 

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Diego Simeone inadvertently tells wife of World Cup journalist Jorge 'El Topo' Lopez on Twitter that he was killed in car crash, as she replies: 'Diego, don't tell me that'

Source: Mail Online: World Cup 2014

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Update: 7

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Bieber gets two years' probation over LA egg-throwing

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Japanese composer Ryuichi Sakamoto diagnosed with cancer

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TOKYO: Renowned Japanese composer and activist Ryuichi Sakamoto has been diagnosed with throat cancer, his record company said on Thursday.The 62-year-old, who shot to fame in the late 1970s with the pioneering techno-pop group Yellow Magic Orchestra (YMO), apologised to fans in a statement for having to take a break from performing but promised to beat the disease. File ...
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Hugo Lloris Officially Signs New Long-Term Tottenham Contract

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Tottenham have announced that Hugo Lloris has put pen to paper on a five-year contract with the club, a deal which stands to keep him at the club until 2019. The English giants revealed the news via their official Twitter account: Since arriving at White Hart Lane in 2012, the French No. 1 has risen to become one of the north London outfit's most consistent figures, helping them maintain any hopes of breaking into the top four for the past two seasons. Speaking to the club's official ...
Source: Bleacher Report  Full article at: Bleacher Report 2 hours ago
 

Update: 2

Star Wars: Episode VII Teases Tatooine in IMAX

Source: Latino Review

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Women's Open Golf 2014: Tee Times and Preview for Rounds 1-2

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Source: Bleacher Report  Full article at: Bleacher Report 3 hours ago
 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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