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Twitter Indicated 69% Above IPO Price on Gray Market 2013-11-07 11:03:40.723 GMT
By Gaurav Panchal Nov. 7 (Bloomberg) -- Twitter shares are indicated 69% higher at $43.84 vs the IPO price of $26, according to gray market prices supplied by IG. * IG’s gray market price, up 12% during most recent trading day, is based on Twitter’s market value with expected ~544.7m shares * IPO range was $23 to $25, priced at $26 * Trading expected to start today, NYSE symbol TWTR * NOTE: According to filing, TWTR common stock offer is for 70m shares, common stock outstanding after offering: 544,696,816 shares; underwriters granted 30-day option to purchase 10.5m additional shares
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--Editors: James Ludden, Brian Lysaght
To contact the reporter on this story: Gaurav Panchal in London at +44-20-7392-0511 or gpanchal2@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net