Twitter IPO demand so strong, window for share orders to close early

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 said 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.


Twitter faces new pressure to boost global ad revenue

Twitter raises price range; IPO becomes more like Facebook

Twitter IPO hurdle: The service is well known but not widely used

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World