Why Twitter Is Raising Another $1.8 Billion

Twitter-ipo

It’s déjà vu all over again

Twitter announced Friday that it will raise $1.8 billion in a convertible debt offering. It had said earlier in the week that it planned to raise $1.3 billion, but there was reportedly strong demand for the debt sale

The move marks Twitter’s first foray into the debt markets. If the $1.8 billion figure sounds vaguely familiar, it’s because the figure almost exactly matches the amount Twitter raised from its initial public offering in November 2013

Twitter did not specify what the additional capital will be used for, and reps did not immediately respond to Mashable‘s request for comment Read more…

More about Twitter, Stocks, and Business

via Mashable http://ift.tt/1xTV6YU

Seth Fiegerman

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