Twitter To Price Stock At $27 Per Share, Says New Report


Twitter

Twitter is expected to price its stock today ahead of an IPO tomorrow, and according to CNBC, will be pricing its stock at $27 per share.

This is above the previous range of $23 to $25 per share, and puts it closer to earlier estimates of $28 to $30 per share.

At a price of $27 per share, Twitter would raise around $1.9 billion at a valuation of $14.7 billion.

From TechCrunch:

“A stronger IPO, which would raise more funds for the company, could help it accelerate its revenue growth by providing cash flow flexibility. That said, a larger IPO in terms of dollars raised also raises the specter of a potentially larger fall.”

Twitter will be found under the ticker symbol TWTR, and you can follow our social business section for IPO coverage.


Mike Stenger

Lover of technology, Mike often makes jokes that nobody laughs at.

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