Twitter Inc.’s has set a price of $26 for its public stock offering and can begin trading Thursday, several media outlets have reported.
Twitter originally estimated a share-price range of $17 to $20, and then raised it to between $23 and $25 on Monday, according to The Wall Street Journal.
Twitter executives have in the past expressed concern that shares priced to high could lead to the company repeating Facebook Inc’s IPO fallout, when the offering priced at the top of its range but the stock quickly dropped below that level, The Journal reported.
• Jessica Chasmar can be reached at jchasmar@washingtontimes.com.
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