Twitter go public this Thursday, November 7
Monday, 4 November 2013
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| Twitter go public this Thursday, November 7 |
The micro-blogging site will seek to sell up to 1.6 billion shares on the New York Stock Exchange, for a valuation of $ 10.9 billion.
The IPO of micro-blogging service is the most awaited one of Facebook in May 2012. The Twitter shares, whose price will be released after the close of Wall Street on November 6, will be exchanged the next morning on the New York Stock Exchange. The company will seek a valuation of $ 10.9 billion. It has indeed sell 70 million shares between 17 and 20 dollars one. A total of 1.25 to 1.44 billion dollars, that the exercise of over-allotment option could lead to a maximum of $ 1.6 billion. Judging by the price targets set by U.S. brokers, the Twitter action could save at least 30%.
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