Twitter is set to go public on November 7, according to reports.

by anonymous on 2013-11-16 16:30:36

On October 28, Beijing time, the US financial website IPO Scoop revealed that Twitter will begin trading on the New York Stock Exchange on November 7 (evening of November 7, Beijing time), with the stock code "TWTR".

Last Thursday, Twitter announced the pricing range for its IPO. The company plans to issue up to 80.5 million shares at a price between $17 and $20 per share (including an additional 10.5 million shares granted to underwriters as an over-allotment option). Calculated at the upper limit of the aforementioned pricing range, the total amount of funds raised in Twitter's IPO would reach $1.61 billion.

According to a commentary article titled "Twitter is Adored, but IPO Warrants Caution" published in the New York Times on October 26, although Twitter's IPO has received widespread attention, retail investors should exercise caution when investing.