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Twitter sets $17 to $20 per share range for IPO

October 24, 2013 • National News


FILE – This Oct. 18, 2013, file photo shows a Twitter app on an iPhone screen in New York. Twitter Inc. said in a regulatory filing Thursday, Oct. 24, 2013, that it is putting forth 70 million shares in the initial public offering. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Twitter has set a price range of $17 to $20 per share for its initial public offering and says it could raise as much as $1.6 billion in the process. The pricing is relatively conservative considering that Twitter is poised to pull off the year’s hottest IPO.

Twitter Inc. said in a regulatory filing Thursday that it will put forth 70 million shares in the offering. If all the shares are sold, the underwriters can buy another 10.5 million shares.

At the $20 share price, Twitter’s market value would Login to read more

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