Deals
Twitter Raises $1.82 Billion Pricing IPO Above Offer Range
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Twitter Inc. raised $1.82 billion in its initial public offering, seizing on demand for its shares to price the stock above a proposed range.
The sale, the largest IPO by a technology company since Facebook Inc.’s debut in May 2012, values the short-messaging website at $14.2 billion. Twitter sold 70 million shares at $26 each, after offering them for $23 to $25, the San Francisco-based company said in a tweet. Goldman Sachs Group Inc. led the sale, working with Morgan Stanley and JPMorgan Chase & Co.