Twitter will pass traded Stock Code

Release time：2013-11-04
Browse：4784

U.S. financial website IPO Scoop show , Twitter (0,0.00, 0.00%) will be U.S. Eastern Time on November 7 ( Beijing time on November 7 evening ) traded on the NYSE under the ticker symbol "TWTR".

October 24, Twitter unveiled IPO (initial public offering ) price range , will be called $ 20 to $ 17 per share offer price of 70 million shares. On this basis , Twitter largest in the IPO transaction was valued at $ 10.9 billion .

According to Twitter the U.S. Securities and Exchange Commission (SEC) filed Supplement IPO prospectus, the company hopes to raise $ 1.25 billion IPO trading to $ 1.44 billion fund .

Twitter said that in the IPO market after the company's total outstanding common shares will be 544,696,816 shares.

At the end of September the third quarter , Twitter net loss of $ 64.6 million , nearly three times the same period last year . However , Twitter's revenue also increased to $ 168.6 million , doubled over last year , growth of 21%. Twitter is mainly due to increase in loss cost increases . Expenses for the third quarter more than doubled last year , growth of 30%.

Documents show , Twitter continues to expand the data center , while the number of employees continues to grow , which have resulted in higher costs. Currently , Twitter has more than 2,300 employees , more than the end of June more than 2,000 .

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