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Ulleksa [173]
3 years ago
12

According to Twitter’s amended S-1 filed November 4, 2013, what were the estimated amounts of net proceeds to be received by the

company after the offering, excluding and including the over-allotment option?
Business
1 answer:
Ivenika [448]3 years ago
3 0

Answer:

$1.62billion ; $1.82billion

Explanation:

According to  amended S-1 filed November 4, 2013, the estimated amounts of net proceeds to be received by the company after the offering, excluding and including the over-allotment option is $1.62billion or approximately $1.86billion if the underwriters fully exercise their option to purchase additional stock. The standard initial public offering price is assumed to be $24 per share.

goes on to explain that the main reason for this offering is to optimize their financial flexibility and capitalization, as well as to make their common stock available to the public. Net proceeds from the offering would also be fully utilized in facilitating their working expenses as well as funding business and taxation expenses.

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