Twitter Will Price IPO at $17 to $20 per Share

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By Seth Fiegerman2013-10-24 20:16:21 UTC

Twitter plans to offer 70 million shares priced between $17 and $20 when it goes public in the coming weeks, which means the company may raise as much as $1.4 billion in its initial offering.

The company revealed the share price and volume in an update to its S-1 filed with the SEC on Thursday afternoon, which also announced that it has been approved to list on the New York Stock Exchange. Twitter had previously announced that it was seeking to raise $1 billion in its public offering.

See also: A Breakdown of Twitter's 200 Million Users

To put that in context, Twitter's IPO will be significant smaller than Facebook's, which sold more than $400 million shares priced at $38 each and raised $16 billion from the public offering.

Twitter is expected go public on or around Nov. 15.

Image: Flickr, busterbenson.com

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Topics: Business, Twitter, twitter ipo