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Twitter headquarters in San Francisco, California, is seen in this Getty file image.
Twitter will price its IPO stock at $26 per share.
Within minutes, Twitter tweeted the number.
"We've priced our initial public offering of 70 million shares of our common stock at a price to the public of $26 per share," Twitter stated.
The stock is scheduled to begin trading on the New York Stock Exchange on Thursday. It will be listed under the symbol "TWTR."
The price values Twitter at more than $18 billion based on its outstanding stock, options and restricted stock that'll be available after the IPO. That's more than Macy's, which has a market capitalization of $17 billion, and Bed Bath & Beyond, which is around $16 billion.
The pricing means the short messaging service will raise $1.8 billion in the offering, before expenses.
Initially the expected IPO range was between $17 to $20 per share.
The last big Silicon Valley IPO was Facebook which debuted in May 2013. Facebook's stock price was set at $38 per share and was sold on the Nasdaq. Facebook raised $16 billion in its initial listing which valued the company at $104 billion.
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
— Twitter (@twitter) November 6, 2013
Thursday will be a day that will make several well-known names in the Bay Area even more rich.
Most of the founders and early leaders will benefit, and one, Evan Williams will likely become a billionaire.
The Associated Press put together the list of money makers expecting the stock to be listed at $25 a share: