Twitter gets ready for IPO
Twitter aims to launch its IPO on Nov. 6, the New York Post reported Thursday.
The stock offering is being handled by Goldman Sachs and Morgan Stanley, with JPMorgan Chase also chipping in — and the investment banks reportedly are ready to start making their pitches to investors on Monday.
Twitter said on Thursday that it intends to sell 70 million shares priced between $17 and $20 in an initial public offering that will value the company at as much as $10.9 billion.
The social media company filed its initial public offering paperwork with the Securities and Exchange Commission earlier this month with a $1 billion placeholder.
Twitter is expected to be the hottest new IPO since Facebook went public in May 2012.