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Twitter raises its IPO price to $23-$25 ahead of Thursday's launch

Twitter will launch its IPO this Thursday and has raised its price per share from $17-$20 up to $23-$25, and could offer 80.5 million shares

| Social Networking News | Posted: Nov 5, 2013 12:38 am

Twitter's Initial Public Offering (IPO) is fast approaching and is scheduled to kick off this Thursday, November 7th, and the company could offer as many as 80.5 million shares. This morning the company announced that ahead of the IPO, it has raised the per share price to $23 to $25 per share.

 

TweakTown image news/3/3/33722_1_twitter_raises_its_ipo_price_to_23_25_ahead_of_thursday_s_launch.jpg

 

If the company does offer 80.5 million shares instead of the 70.5 it initially filled for, it could raise more than $2 billion in just a few days. Twitter will finalize everything Wednesday night and trading will open Thursday morning. Let's hope that this IPO turns out better than Facebooks IPO last year, and investors begin seeing returns much faster than they did with Facebook.

NEWS SOURCE
Sec.gov

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