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ki77a
2 months 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:
Nady [3.6K]2 months ago
3 0

Answer:

$1.62 billion; $1.82 billion

Explanation:

The estimated net proceeds anticipated from the company's offering, as stated in the amended S-1 filed on November 4, 2013, excluding the over-allotment option is $1.62 billion and could reach approximately $1.86 billion if the underwriters fully exercise their purchasing option. The anticipated price per share for the public offering is $24.

This document elaborates that the primary motive behind this offering is to enhance the company's financial flexibility and capitalization, while also allowing access to public investment in their common stock. The net proceeds are intended to cover operational costs, as well as business and tax expenses.

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