Twitter raises $1.82 billion in IPONovember 6, 2013: 6:41 PM ET
Twitter prices 70 million shares at $26 each.
FORTUNE -- Twitter this evening raised $1.82 billion in its initial public offering, and tomorrow morning is expected to begin trading its shares on the New York Stock Exchange under ticker symbol TWTR.
The micro-messaging service price 70 million shares at $26 per share, which is higher than both its original $17-$20 price range and its recently-revised price range of $23-$25 per share. It is, however, a bit lower than speculation earlier in the evening that the company would price the shares at $27 each, perhaps because the company is seeking to maximize its first-day trading "pop."
At $26, Twitter would have a market capitalization of approximately $14.16 billion. Including stock options, the company's value climbs to more than $18 billion.
All of the shares offered in the IPO came from the company, rather than from insiders. This is a major difference between Twitter's IPO and Facebook's offering from May 2012, where more than half of the shares came from directors, early investors and other insiders.
Twitter reports a $133 million net loss on $422 million in revenue through the first nine months of 2013, compared to a $70 million net loss on $205 million in revenue for the year-earlier period.
In other IPO news, various reports tonight suggest that Square -- the mobile payments company led by Twitter co-founder Jack Dorsey -- is speaking with banks about a 2014 offering.