Twitter increased its expected share price on Monday, filing an amended form with the SEC that estimates shares will go for $23-25 each when the stock eventually goes on sale.
The increase brings the money Twitter hopes to raise with its initial public offering up to between 1.62 and 1.86 billion.
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This would boost the company’s market value to over $13 billion, despite the fact that it has yet to make a profit. It hopes to sell 70 million shares when it finally makes its NYSE bow, expected to be Thursday.
Previously, the stock was valued at $17-20.