Twitter IPO Expected To Stay Safe At $17 To $20 Ms. Bels Monday, October 28, 2013 Credits & Debits, The Receipt, Your Money and You Many investors have been waiting on Twitter to announce the price range of their initial public offering. The wait is over. Twitter has announced that shares will cost $17 to $20 for their initial public offering. Deemed as the hottest IPO of the year, analysts believes it may out shine Facebook, whose own IPO was met with a few glitches. But to prevent the same things from happening, Twitter is playing it safe by keeping their price on the conservative end. The initial offering will include 70 million shares. Shares are expected to begin trading in early November. After the initial shares are offered, another 10.5 million shares will be up for purchase. The San Francisco-based short-messaging service plans to list its stock under the ticker symbol “TWTR” on the New York Stock Exchange. The shares will likely start trading in early November. Twitter will begin its IPO “roadshow” as early as Friday, meeting with prospective investors to pitch its stock. The company’s valuation is conservative. Some analysts had expected the figure to be as high as $20 billion. Back in August Twitter priced some of its employee stock options at $20.62, based on an appraisal by an investment firm. (AP) Twitter’s appeal to social media users and investors is the simplicity of it. Unlike Facebook, users have the ability to block unwanted followers and also keep their profiles not easily searchable. Twitter has approximately 230 million monthly users and isn’t no where comparable to Facebook when it comes to advertising revenues. But, its unique short-messaging service still remains a favorite to the younger generation. With their growth, Twitter’s potential growth is positive.
