Twitter has started its IPO road show, in which it will make the case for why investors should buy in to Twitter at an $11.1 billion valuation.
The company set a price range for its IPO on Thursday, between $17 and $20, and is selling only a small number of shares at that price relative to some other IPOs. At such a discount, it’s a safe bet to avoid the fate of Facebook, which dealt with nearly a full year of discussion about its IPO being a “disaster.”
The company is expected to price its IPO around the week of Nov. 4. Here are a few of the important slides from the company’s road show presentation.
- Ivanka Trump is moving from her informal role as first daughter to a formal job within the White House as the president's assistant.
- Lyft has started testing a shuttle service in San Francisco and Chicago.
- Let the Brexit countdown begin: Prime Minister Theresa May has invoked Article 50. Britain is set to leave the EU by 2019.
- The first official trailer for the latest adaptation of Stephen King's iconic novel "It" has dropped, and it's the creepiest thing you'll see all year.