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