Update, 9 a.m. Thursday: Twitter Debuts on NYSE, Then Goes Nuts
Original post: Twitter — to be known on the New York Stock Exchange as TWTR — just set a price for its initial public offering, scheduled to open trading Thursday morning. The price: 26 bucks. That's way above the original range of $17 to $20 and even higher than the revised (not to say "jacked up") range of $23 to $25 announced earlier this week.
The company announced the news on its own service, naturally (we think they've cheated on the 140-character limit with the linked disclaimer document, though):
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
— Twitter (@twitter) November 6, 2013
One line from that disclaimer: "This Tweet shall not constitute an offer to sell or the solicitation of an offer to buy" the company's stock.
Here's the story from the Associated Press: