Twitter will start selling publicly tomorrow as TWTR, and the initial price will be $26 a share. The company will offer 70 million shares of its common stock, along with another 10.5 million that will be sold to its underwriters. The offering is expected to raise $1.8 billion. While Twitter is yet to be profitable many analysis suspect that this will be one of the biggest tech IPO’s.
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
— Twitter (@twitter) November 6, 2013
This is the biggest tech IPO in over 10 years, and could make hundreds of people millionaires overnight. The company has start to push more ads into the service, and is attempting to find more ways to monetize the service. Will you be purchasing some shares of Twitter”s stock or will you pass up the micro-blogging service?