Twitter to list on NYSE, will sell 50-55M shares in $1.5B IPO

|By:, SA News Editor

Twitter will list on the NYSE and will reportedly sell 50-55M shares at $28-30 each, valuing the company at ~$15-16B, TheStreet's Chris Ciaccia says, citing people close to the situation.

"Nothing is concrete," Ciaccia notes, but assuming the numbers are accurate, the company will raise between $1.4-1.65B in the offering.

Publicly-traded Twitter plays: GSVC, SVVC