Friday, October 25, 2013

Twitter Sets I.P.O. Price at $17 to $20 a Share - NYTimes.com

Interesting times
"The social media darling disclosed that it planned to sell 70 million shares at $17 to $20 each. At the midpoint of that range, the offering would raise about $1.3 billion and would value Twitter at about $10 billion, excluding options. Including options and restricted stock units, the company would be valued at more than $12 billion.
Such a valuation would make Twitter more than three times as big as one of the first big Internet giants, AOL, but only a fraction of Facebook, the last big Internet initial public offering, which now has a market value of more than $127 billion."
Twitter Sets I.P.O. Price at $17 to $20 a Share - NYTimes.com
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