Twitter will finally go public today, after setting the price of its shares at $26 each in its long-awaited IPO. That means Twitter is raising $1.8bn valuing the company at $14.2bn, with analysts suggesting that it could have pushed for a higher price but didn’t, in order to avoid a Facebook-style post-IPO disappointment. Twitter’s shares will start trading today on the New York Stock Exchange under the symbol TWTR. The IPO means we’ll now get quarterly updates on the company’s growth and financial performance, with it having reached 231.7m monthly active users by the end of September, with $534.5m of revenues and a net loss of $64.6m in the third quarter of this year.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…