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Twitter Valued at $12 Billion


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Twitter revealed the pricing plan for its much-anticipated, unusually secretive IPO on Thursday as it readies for an investor road show. The microblogging company plans to offer 70 million shares in the range of $17 to $20 with hopes of raising around $1.3 billion, therefore valuing it at $12 billion. To put that in perspective, Facebook is currently valued at $127 billion.

Twitter will trade on the New York Stock Exchange under the ticker symbol “TWTR.” The deal is being underwritten by Goldman Sachs.

 

Photo Credit: Tiago Custodio

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