Twitter can attract up to $1.6B in the course of the IPO

The microblogs service Twitter is intended to purchase at the New-York Stock Exchange 70 million shares at the price $17-20 per unit, informs the agency “Reiter” with the reference to upgraded prospect of the initial public offering of shares (IPO), offered by the company.

Thus, IPO can bring the company from $1.25B to $1.44B.

The agency “France Press” informs that in the case of high demand the service can additionally realize more 10.5 million of shares. The total earning from IPO in this case will comprise $1.6B.

It has initially been informed that according to the IPO results, the service intends to attract about $1B. Capitalization of the company after the Stock Exchange entering can comprise $10.9M.