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New York, NY (WLTX) -- Thursday as the New York Stock Exchange closed, Twitter disclosed it has settled on an opening price when it comes to market.
In reports from The New York Times and CNN Money, Twitter has set their I.P.O. pricing at $17 to $20 per share, and will sell 70 million shares.
According to sources close to the Times, Twitter also moved the pricing of its offering up, to Wednesday, November 6th, which means Twitter's stock would start trading on the NYSE Thursday morning when the market opens, under the TWTR ticker.
Other financial prognosticators are calling for an earlier debut (Nov. 4th, per CNBC) or later (Nov. 15th, per PrivCo)
Twitter's I.P.O. is expected to generate as much as $1.4 billion, certainly not the largest financially, but one of the most anticipated tech stock offerings since Facebook's NASDAQ I.P.O. debacle last year.