Twitter Prices IPO Shares at $26

On Wednesday, Twitter set the share price for its initial public offering at $26 a share. The social media company is set to begin trading on the New York Stock Exchange on Thursday. The share price of the IPO was still being debated by the company’s board and underwriters until late Wednesday afternoon, the New York Times reports, with the $26 valuation coming in higher than the price range set be the company earlier this week. The $26 IPO price puts Twitter’s value at roughly $18 billion.