They are coming in at around half of where Facebook started last year and their cash ambitions are smaller, but it’s not exactly chump change in the tech IPO world.
Twitter will offer 70 million shares in its initial public offering, and will price them at $17-$20 per share, according to an amended S-1 filing. Twitter’s IPO pricing range was rumored to drop today, several weeks after it announced plans to go public.
The $20 pricing indicates that Twitter could raise as much as $1.4 billion with this IPO or $1.6 billion, including the over-allotment option — which accounts for around a 13 percent stake in the company overall. Twitter notes that underwriters have an option to purchase 10,500,000 more shares if the IPO is exceeded at the IPO price less discount.