463 posts and columns on price
Twitter’s initial public offering was expected to price at $25 to $28 a share, and that’s exactly where it has come in. Moments ago, the microblogging service said its IPO of 70 million shares has priced at $26 a share. At that price, Twitter will have a market capitalization of approximately $14 billion when it opens for trading Thursday morning on the New York Stock Exchange.
Twitter will set the price range for its initial public offering this week, according to sources, with an exact price likely to be set in the first week of November. The company, which will begin trading on the New York Stock Exchange in the coming weeks, will soon be able to begin its investor roadshow as a result of setting the price range. The news was first reported by The Wall Street Journal.
Reports that a handful of big-name tech companies are sniffing around BlackBerry breathed a bit of life into BlackBerry’s increasingly morbid stock price. After briefly touching $8.07, the company’s shares closed at $7.97 Monday — up 3.64 percent.