#TWTR: Twitter Pops @ $26
The social network with 230 million members globally, plans to sell 70 million common shares out of a total of 545 million.
Twitter announced the much speculated share price, via, you guessed it, a tweet at 10.48AM today.
The popular network will raise US$1.82 billion from the Initial Public Offering (IPO) – the most anticipated tech float since Facebook went pop last year.
The 140 character social network will be listed as ‘TWTR’ on the New York Stock Exchange, when it begins trading later today.