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Twitter expects to raise up to $1.4 billion in IPO

     
6:37 pm on Oct 25, 2013 (gmt 0)

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Twitter has unveiled the price range for its shares when the company lists on the stock exchange.

In a filing on Thursday, Twitter said it planned to sell 70 million shares priced between $17 and $20 (10 - 12) to raise up to $1.4bn (865m).

The offering represents 13% of Twitter and values it at as much as $11bn.

Twitter expects to raise up to $1.4 billion in IPO [bbc.co.uk]