Twitter is expected to IPO around November 15, and an update to its S1 filing today reveals a stock price range of $17 to $20.
The social network will offer 70 million shares, and at this price range, it could raise upwards of $1.4 billion.
Last week, Bloomberg reported that Twitter would list on the New York Stock Exchange, unlike Facebook who is on the NASDAQ.
However, like Facebook, it’s facing a fair share (no pun intended) of criticism:
I won’t buy twitter stock. It could be a big disappointment like Facebook. IPO
— Ⓜ (@samet63) October 24, 2013
Msnbc says I should but twitter stock. Umm i bought Facebook stock because of y’all. No thanks..
— Josh Cubillo (@joshyyposhyy) October 24, 2013
#LRT watch twitter stock flop like Facebook, don’t let the hype fool you.
— Spread Love (@ThatRAND0M) October 24, 2013
Facebook stock did reach a low of around $17 in September 2012, but now at $52, it’s up $14 from its IPO.
Twitter has a jam-packed couple of months ahead, and its IPO is sure to grab the attention of many serious investors.
The company’s stock is expected to see a high level of demand: