Twitter has reportedly raised the price of its shares by 25 percent ahead of its IPO debut.
The microblogging site has revealed that it will sell for 23-25 dollars-a-share compared to the previous target of 17-20 dollars.
According to the BBC, the demand for the shares has been so heavy that Twitter is ending the offer a day early.
The current share price values the seven-year old company, offering 70 million shares at the highly anticipated IPO, at up to 13.6billion dollars.
The report said that the final price of Twitter's IPO will be set to price on Wednesday, with shares making their debut on the New York Stock Exchange (NYSE) on Thursday.
Twitter will list with the 'TWTR' symbol and chose NYSE, unlike Facebook, which had opted for Nasdaq exchange leading to a technically marred debut.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app