Twitter now expects to price its IPO at $23-$25 a share, up from the original price revealed last month of $17-$20 a share, according to a new filing with the SEC.
At the high end of that price range, Twitter would raise as much as $1.75 billion from its IPO and the company would potentially be valued at more than $15 billion.
The higher price comes amid reports that Twitter quickly attracted enough demand to sell all 70 million shares for its IPO in the previous price range. Several analysts have also come out with reports in recent days recommending investors to buy the stock Read more…
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Read more : Twitter Raises IPO Price Range to $23-$25 Per Share
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