updated 05:48 pm EDT, Thu October 24, 2013
Offering will generate over $1 billion for the microblogging service
The Twitter initial public offering (IPO) roadshow starts October 28, heralding the start of the company's stock offering. Twitter has set its price range at $17 to $20 per share, and announced that it will create 700 million shares. The stock under the abbreviation "TWTR" will be made available on the NASDAQ on November 6.
Given the Twitter-provided numbers on its amended S-1 Securities and Exchange Commission filing, the company could raise as much as $1.6 billion. The S-1 filing claims that after the IPO, nearly 545 million shares will be outstanding.