Twitter Sets IPO at $26 a Share

    A user checks a Twitter feed on a smartphone in this arranged photograph taken in London, U.K., on Friday, Oct. 4, 2013. Twitter Inc.'s initial public offering documents suggested a valuation of $12.8 billion for the microblogging service, underscoring the seven-year rise of a still unprofitable company that has helped revolutionize how people share information. Photographer: Chris Ratcliffe/Bloomberg via Getty Images


    Talk about fidgety. After initially setting a share-price range of $17 to $20, then raising it to $23 to $25, Twitter has settled on $26 a share for the initial public offering of 70 million shares. The company’s shares will be up for grabs Thursday morning on the New York Stock Exchange. Much of the shifting over the price is due to the fears remaining from the messy Facebook IPO when the stock plummeted well below the IPO pricing. 

    On eve of going public.

    Watch how the world reacted to the Twitter IPO.

    Read it at the Wall Street Journal