Twitter ready to set final IPO price

November 07, 2013 01:13

Twitter will set the final price for its initial public offering later on Wednesday, a move that will clear the way for the stock to start trading Thursday.

Twitter has already set a non-binding range for the IPO, but Wednesday's announcement will reveal exactly where the company will price its shares. Earlier this week Twitter raised the price range to $23-$25 a share, from an initial $17-$20 range.

If Twitter (TWTR) prices at $25 a share, the company would be worth $13.6 billion. But if you're looking to buy some of the 70 million shares that Twitter is selling in the offering, don't get too excited about the IPO price.

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