Thursday 21 June 2018

Twitter enters Wall St.

, November 7, 2013

A sign displays the Twitter logo on the front of the New York Stock Exchange ahead of the company's IPO in New York, on November 7. Twitter could face volatile trade in its debut on Thursday on the New York Stock Exchange, analysts said, but they remained enthusiastic after the money-losing social media company priced its IPO above the expected range. The microblogging network priced 70 million shares at $26 on Wednesday evening, above the targeted range of $23 to $25, which had been raised once before. The IPO values Twitter at $14.1 billion (8.8 billion pounds), with the potential to reach $14.4 billion if underwriters exercise an over-allotment option. Reuters/Lucas Jackson

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