Twitter raises $1.82 billion in IPO

Twitter has priced its initial public offering (IPO) of shares at $26 per share, higher than the already increased range of $23-$25 per share.

With the offering of 70 million shares, it will give the company gross proceeds of $1.820 billion.

The underwriters have an option to sell another 10.5 million shares in the next 30 days. The shares will start trading on the New York Stock Exchange from today.