Twitter IPO Estimated To Raise Around $1.5 Billion


Twitter

Twitter revealed on September 12 it had officially filed for initial public offering, and a new report from The Streetestimates it will raise around $1.5 billion.

According to sources familiar with the matter, the social network will list on the New York Stock Exchange unlike Facebook which listed on the NASDAQ.

It is estimated Twitter will sell 50 to 55 million shares priced from $28 to $30 per share, raising anywhere from $1.4 to $1.65 billion.

This new report seems to be in-line with initial reports stating Twitter would be valued between $15 and $20 billion.

As far as when the IPO will take place, estimates are still placed around late 2013, early 2014.

However, Santosh Rao, senior analyst at Greencrest Capital Management, said that Twitter could have actually filed its confidential S-1 three months prior making the IPO closer than expected.


Kokou Adzo

Kokou Adzo is a seasoned professional with a strong background in growth strategies and editorial responsibilities. Kokou has been instrumental in driving companies' expansion and fortifying their market presence. His academic credentials underscore his expertise; having studied Communication at the Università degli Studi di Siena (Italy), he later honed his skills in growth hacking at the Growth Tribe Academy (Amsterdam).

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