Twitter sets IPO price range lower than expected

 
 
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Thursday October 24 2013
 
 
Breaking news
 
Twitter sets IPO price range lower than expected
 
Twitter will seek a valuation between $10.5bn and $12.4bn when it goes public next month, lower than previously expected, after setting its expected initial public offering share price range on Thursday.

The messaging platform said it would price shares in its initial public offering between $17 and $20 as it prepared to embark on its roadshow next week. It will sell 80.5m shares representing about 13 per cent of the company, it said in a filing.
 
 
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