- A source tells Reuters Twitter's IPO will likely raise over $1B, and take place before Thanksgiving. The ETA matches one provided by the NY Post.
- If Twitter is able to obtain a valuation similar to the ~$15B it's reportedly getting on private markets, that means the company will be selling a 6%+ stake.
- Reuters also reports Twitter is looking to add additional underwriters, and is working to finalize its fee structure. Past reports indicate Goldman is the lead underwriter, and that Morgan Stanley, JPMorgan, and BofA/Merrill are also taking part.
- Publicly-traded Twitter shareholders: GSVC, SVVC
Reuters: Twitter likely to raise $1B+, go public before Thanksgiving
Sep 19 2013, 18:53 ET