Tweet money! Twitter IPO to hit the market before Thanksgiving, aims to raise $1 billion
One source says that Twitter is apt to raise $1 billion and will try to have the deal completed before Thanksgiving starts. Goldman Sachs is lead adviser on the deal while other high profile names include Morgan Stanley, JP Morgan Chase & Co and Bank of America. One estimate suggests that the Twitter deal could leave a pool of $60 million to $70 million for banks to fight over.
After Fscebook went public last year, the stock declined for close to 12 months before the stock just recently surpassed its IPO day high.