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Twitter hopes for $1.4 billion IPO, shares priced between $17 and $20

Updated Oct 24th, 2013 4:38PM EDT
Twitter IPO Share Price

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Twitter announced on Thursday after the market closed that it is setting its IPO share price at $17 to $20 per share and is looking to sell 70 million shares. Twitter’s offering could raise up to $1.4 billion, although it will raise somewhere around $1.2 billion if it sells all its shares at the median price. Twitter’s opening ask is much more modest than that of fellow social networking dynamo Facebook, which famously issued public stock at $38 a piece and raised a whopping $16 billion last year.

Jacob Siegal
Jacob Siegal Associate Editor

Jacob Siegal is Associate Editor at BGR, having joined the news team in 2013. He has over a decade of professional writing and editing experience, and helps to lead our technology and entertainment product launch and movie release coverage.