Twitter shares priced at $26 each

Twitter shares have been priced at $26
ahead of its debut on the New York Stock
Exchange (NYSE) on Thursday.
That is above the $23 to $25 range announced
on Monday and values the short messaging
service at more than $18bn (£11bn).
That makes it the biggest market debut for a
technology firm since Facebook went public in
May 2012.
Twitter has attracted 230 million users since
starting seven years ago, but is yet to make a
profit.
Its losses for the third quarter of 2013
increased to $64.6m, from $21.6m a year
earlier and more than half of its total
registered users do not even use it.
Nevertheless there was strong demand for the
shares and the company was able to raise the
offering price twice.
NYSE debut
Twitter is selling 70 million shares, which will
raise $1.82bn.
Unlike Facebook, it has chosen to trade its
shares on the New York Stock Exchange.
Facebook's debut on the Nasdaq - traditionally
the market of choice for technology firms -
was marred by delays and problems with
orders.
The NYSE has already tested trading of
Twitter's shares to try to avoid any technical
hitches.
The shares will trade under the symbol
"TWTR".