Twitter (TWTR) IPO is Nearing

Twitter (TWTR) is getting ready to go public. Interestingly, TWTR will trade on the NYSE. The following was reported yesterday (02013.11.04) by Reuters.

Twitter raised its price range to $23 to $25 per share on Monday, but kept the offering size at 70 million shares. That means it will raise up to $2 billion if an overallotment option of 10.5 million shares is exercised.

Twitter's expected market value is $13.6 billion. Right now Facebook and LinkedIn have market values of $117.17 billion and $26.71 billion, respectively.

I'd be okay buying some TWTR at $25, but I won't chase it.

[update::02013.11.07] TWTR starts trading today (02013.11.07). Twitter went public at $26. I tried to placed an order to buy some TWTR at 8 $Pi ($25.13), but Scottrade.com didn't allow me to place the order. My Facebook status update today: "To buy or not to buy?" is not the question. The question is: "At what price to buy?" If TWTR is like GOOG, we might never buy; but, if TWTR is like FB, we'll buy.