How much will Twitter's IPO go for?

From October 25, 2013: CNN's Christine Romans takes a look at how much Twitter's IPO stock price will be.

Want a piece of Twitter, do you? I don't mean the trolls on there, I mean the whole company. Well, we now know how much that’s gonna cost you. Well, I don’t, Christine Romans does and she’s here with the information, so what do we think, Christine, what’s the pricing on this IPO?

Hashtag drumroll please, 17-20 bucks a share, Chris, the biggest IPO since Facebook is likely to happen in the next few weeks. Who gets that price, 17 and 20 bucks, that’s the big guys, institutional investors who can purchase directly from Twitters underwriters like Goldman Sacks, Morgan Stanley, for the rest of us, you’re able to buy twitter the next day when shares could be trading at a much loftier level, good luck with that. If it pops and drops, then you’re left hold in the bag. And when you put it all together, Twitter’s value has been chocked up to about 11 billion dollars, it’s all very impressive of course, until you consider that twitter is losing money and will probably keep losing money in the foreseeable future. Wall Street does not mind that for now, as long as has been ramping up sales, and it has been growing its revenue. Twitter will be listed on the New York Stock Exchange, you guys, the NYSE is gonna have a twitter test tomorrow. It’s a dry run to prevent any technical disasters like Facebook’s IPO, remember, which caused delays, trigger a 10 million dollar settlement with the SEC and all of that, remember that Facebook went just down, and that was a real disappointment, so twitter’s got that in mind for sure. Guys.

Good to work out the kinks, we sure have learned that recently. You know? Different aspects of our lives. Alright, thanks so much.