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Twitter Sets Price For IPO

Twitter Sets Price For IPO
Posted November 6th, 2013 @ 5:07pm

(New York, NY)  --  Twitter is setting the price for shares in its IPO at $26.  

Shares in the microblogging service go on sale tomorrow in the biggest tech IPO since Facebook.  The company had originally estimated an opening price of $17 to 20 per share when it first announced the IPO in late October.  

The company plans to sell 70 million shares out of a total of 545 million outstanding shares.  More than 200-million users have signed up for Twitter in the last seven years.

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