Twitter IPO date, price and NYSE beating Nasdaq

News is getting hot when its comes to the Twitter IPO date and price, and the latest IPO estimate is a $1 billion revolving credit facility according to sources.

Twitter is finalizing its initial public offering, and yesterday we learned that 5 banks declined to comment that are dealing with the highly anticipated public transaction. The 5 banks include JP Morgan, Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Morgan Stanley.

Revolving credits are normally what are used to back general corporate purposes and of course capital expenditures, this is a way for guaranteeing access to funding for corporations.

The 5 banks mentioned above are also the underwriters of the Twitter IPO, and this was publicly filed on October 3rd. Forbes reports that the Twitter IPO could go public before Thanksgiving, a date of November 15th was mentioned.

Analysts reported that Twitter posted a $69 million loss last year so that it could seek a valuation of around $10 billion.

Twitter has decided against Nasdaq choosing the New York Stock Exchange (NYSE) instead, for more information please visit Forbes above, thanks.

Twitter IPO date, price and NYSE beating Nasdaq

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