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Twitter IPO will happen and could be as big as $1.5 billion on NYSE

Twitter will go public on the New York Stock Exchange for as much as $1.5 billion or $30 per share of 55 million shares

| Business, Financial & Legal News | Posted: Sep 24, 2013 11:56 pm

The possibility of a Twitter IPO has been talked about ever since Facebook filed their own last year. Some you might remember that earlier this month Twitter did indeed file to go public, but under the veil of secrecy thanks to the Jobs Act.

 

TweakTown image news/3/3/33107_1_twitter_ipo_will_happen_and_could_be_a_big_as_1_5_billion_on_nyse.jpg

 

Today, thanks to a report from VentureBeat, we're learning just how much and where the company will file its IPO. In what analysts are describing as an attempt to stay as far away from Facebook as possible, Twitter will most likely go public on the New York Stock Exchange in an IPO valued at $1.5 billion.

 

That number is quite a bit lower than the $15 billion that some analysts expected, but nevertheless the company will reportedly offer 55 million shares that will sell for around $30 each. What is still uncertain is whether the Twitter IPO will flop like Facebook's did, or if the early investors will become wealthy overnight like those who invested in Google on day one.

NEWS SOURCES:Venturebeat.com

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