WHEN: Wednesday, November 6th
WHERE: CNBC's "Mad Money"
Following is the unofficial transcript of breaking news from CNBC's Kayla Tausche. All references must be sourced to CNBC.
KAYLA TAUSCHE: YOU'RE WATCHING CNBC AND WE WILL BE BACK TO "MAD MONEY" MOMENTARILY. WE JUST WANT TO GIVE YOU AN UPDATE ON THE TWITTER PRICING. WE HAVE BEEN TALKING ABOUT IT ALL EVENING AND I AM JUST GETTING WORD FROM A SOURCE THAT IT IS PRICING AT $26 PER SHARE. THIS IS ONE DOLLAR ABOVE THE ALREADY RAISED PRICE RANGE -- $23 TO $25 A SHARE. THE COMPANY WILL RAISE ABOUT $1.8 BILLION WITH THE OPTION TO RAISE AN ADDITIONAL $273 MILLION IF THE PRICING GOES WELL. THIS WILL VALUE TWITTER ROUGHLY AROUND $18 BILLION WHEN YOU COMPUTE ALL OF THAT STOCK BASED COMPENSATION INTO THE DEAL. I REPEAT, $26 A SHARE FOR TWITTER. QUITE A RICH VALUATION FOR AN EMERGING GROWTH COMPANY, BUT NO DOUBT A LOT OF INVESTORS WILL BE FRENZYING TO GET INTO THIS DEAL TOMORROW. THAT IS THE LATEST NOW. WE WILL HAVE CEO OF THE NYSE EURONEXT DUNCAN NIEDERAUER AS WELL AS AN EXCLUSIVE WITH TWITTER CEO DICK COSTOLO ALL FIRST ON CNBC TOMORROW MORNING.
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