Twitter has priced its shares for its Nov. 7 IPO on the New York Stock Exchange at $26 a share, the Wall Street Journal reports.
That price is much higher than the company's initial estimate, which was in the range of $17 to $20 and reflects higher demand among institutional investors.
The share price of $26 would give the company a market capitalization of $14.4 billion, the Wall Street Journal estimates.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.