So the most awaited IPO of this year Twitter Inc. priced its shares at $26 apiece for an initial public offering that will be the biggest U.S. technology IPO since Facebook Inc.‘s debut last year. The short-messaging service priced shares a dollar higher the range it set earlier this week, giving the company a market capitalization of $14.4 billion.
Retail investors, including customers of some online brokerages and brokerages affiliated with the investment banks on the deal, were slated to receive less than 20% of the offering,. That total could change in the final pricing. Facebook placed a larger amount of its shares, 26%, through retail channels. TD Ameritrade Holding Corp. and Fidelity Investments both expected to receive Twitter shares from underwriters for some customers. Continue reading “Twitter’s IPO Priced at $26 a Share”