Twitter's impending initial public offering (IPO) will offer $1.4bn in shares to investors when it floats on the stock market.
The micro-blogging firm will make 70 million shares available, valued between $17 and $20 (£10-12). Representing 13 percent of the company, if all the shares were sold at the maximum of $20, Twitter would be valued at around $11bn, matching analyst expectations.
Twitter announced earlier in October that it would float on the New York Stock Exchange (NYSE) instead of the Nasdaq, a move that surprised many given the Nasdaq's status as a tech-heavy exchange.
Twitter is yet to turn a profit, and its recent financial figures show that its losses are growing. While cash continues to pour out of the firm, its revenues are also growing, showing potential investors that it at least knows how to make money.
Most recent figures saw Twitter's revenue reaching $168m, while overall losses stood at $64.6m. Most importantly, the firm has proved that it can monetise its mobile users, with 70 percent of its advertising revenue coming from smartphones and tablets.
The firm boasts 218 million active monthly users with 500 million tweets per day adding to a total reaching in excess of 300 billion.
Twitter's IPO is the most significant social media stock listing since Facebook took to the Nasdaq last April.
Facebook's listing was far from a smooth transition from private to public, with delays and technical glitches causing investors a significant amount of strife as they tried to buy and sell millions of shares in a short space of time.
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