Twitter scheduled to enter Renaissance IPO ETF

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Twitter ( TWTR ), an online social networking and microblogging service with more than 230 million monthly active users, raised $1.82 billion by offering 70 million shares at $26, above the upwardly revised range of $23 to $25. Based on the company's pricing terms, Twitter commands an implied market cap of $17.9 billion, which is large enough to qualify the company for inclusion into the Renaissance IPO ETF at the market's close on November 13th, 2013.

The Renaissance IPO ETF is a portfolio of U.S.-listed newly public companies that provides exposure to securities under-represented in core U.S. equity portfolios. IPOs that pass Renaissance Capital's formulated screening process are weighted by investable market capitalization, capped at 10% and removed after two years.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: TWTR

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