SAN FRANCISCO -- With strong demand for its shares, Twitter is going to close the book on its initial public offering a day earlier than expected.
The company will close the books on Tuesday, but will still price shares Wednesday, meaning the stock will begin trading on the New York Stock Exchange on Thursday, Reuters reported.
A spokesman for Twitter could not be reached immediately for comment.
Twitter on Monday
it was raising the price range of its IPO to between $23 and $25 a share from the previous range of $17 to $20.
At the high end of the new range, Twitter could be valued at $13.6 billion.
Twitter plans to sell 70 million shares.