Twitter Will List on the Big Board – IPO to Raise $1.5 Billion

Posted by at 4:36 pm on September 24, 2013

Twitter will list on the New York Stock Exchange in an initial public offering expected to net close to $1.5 billion, TheStreet.com reported.

The IPO from the San Francisco  firm is expected to come before Thanksgiving. Twitter will sell up to 55 million shares at around $28-$30 a share, according to TheStreet.com.

Sources speculate Twitter is aiming at a lower-profile public offering — rather than the projected $15 billion — and listing on the NYSE to avoid comparisons to Facebook, which struggled after going public on NASDAQ in 2012 and has only recently surpassed its IPO share price.

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