Twitter Prices IPO

The much-ballyhooed IPO of Twitter now has a price tag. The company's shares will hit the market at $26 per share on their debut tomorrow, it announced -- fittingly -- in an official tweet linking to the announcement

In what is sure to be one of the top tech IPOs so far this century, the micro-message broadcasting purveyor is floating 70 million shares of its common stock on the New York Stock Exchange. Those shares are expected to be listed under the ticker symbol TWTR, and the company's underwriters have been granted a 30-day option to buy up to an additional 10.5 million of them.

The offering's book runners are Goldman Sachs, Morgan Stanley, JPMorgan Chase unit J.P. Morgan, Bank of America's Merrill Lynch, and Deutsche Bank Securities.

Despite the popularity of its services, Twitter as a company is well in the red. So far this year, its net loss is almost $134 million on revenue of $422 million.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2716159, ~/Articles/ArticleHandler.aspx, 9/26/2016 3:20:48 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,100.27 -161.18 -0.88%
S&P 500 2,148.51 -16.18 -0.75%
NASD 5,259.84 -45.91 -0.87%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes