According to a regulatory filing today the price range for the much anticipated Twitter IPO will be $17-$20 per share and could raise up to $1.6 billion. That would value the San Francisco-based company at $10.9 billion at the top end of the range, based on the 544.7 million common shares outstanding after the IPO. They're picking a slightly lower valuation to ensure that the IPO goes up on the first day of trading, Francis Gaskins, president of IPODesktop.com, said in an interview. I would definitely buy them in the offering at this valuation. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.