Twitter IPO Split - H 2013
Twitter said Thursday it anticipates selling 70 million shares at its initial public offering at a price of $17-$20 per share.
The company filed its intent for an IPO last month.
At the midpoint of the price range, Twitter would raise $1.3 billion and the company would be valued at $12 billion, roughly the combined worth of DreamWorks Animation, Lionsgate and Imax.
Twitter is expected to price its IPO for early November and the shares will trade on the New York Stock Exchange under the symbol “TWTR.”
Twitter said in its prospectus that its revenue rose from $28.3 million in 2010 to $316.9 million last year, with 85 percent coming from advertising. The company lost $69 million in the first half of this year.
Since its founding seven years, 300 billion tweets have been sent worldwide, the company said in its prospectus.
More from The Hollywood Reporter
-
Justin Roiland
Justin Roiland Domestic Violence Charges Dismissed by Orange County District Attorney
![]()
-
Whitney Houston
The Stories Behind Whitney Houston’s Unreleased Gospel Songs: “She Left Healing Music for the World”
![]()
-
Awards
Mindy Kaling, Bruce Springsteen, Julia Louis-Dreyfus Among Honorees of White House’s National Medals of Arts
![]()
-
international
Ed Sheeran Goes on Intimate Journey in New Disney+ Docuseries ‘Ed Sheeran: The Sum of It All’
![]()
-
Mark Twain Prize
Adam Sandler’s Starry Friends Toast His Comic Legacy as He Receives Mark Twain Humor Prize
![]()
-
![]()
