Twitter has set its final IPO price at $26 a share ahead of its first day of trading on Thursday.
The final price is slightly above Twitter's previous price range of $23-$25 a share, though some had expected Twitter might end up pricing at as high as $28. At $26 a share, Twitter would raise around $1.8 billion and be valued at around $18 billion. By comparison, Facebook went public at $38 a share and raised $16 billion from its public offering.
See also: Twitter's Secret Weapon for IPO: Facebook
In a fitting move, Twitter tweeted out the final pricing late Wednesday:
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
— Twitter (@twitter) November 6, 2013
Twitter first revealed that it had filed to go public in September and publicly filed paperwork early the next month for a $1 billion IPO. The micro-blogging network kicked off its roadshow to court potential investors a little more than a week ago and quickly received strong enough demand to raise its IPO pricing.
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