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

November 04, 2013|By Jessica Guynn
  • Investors are said to be clamoring for shares in Twitter's initial public offering this week. Above, traders on the floor of the New York Stock Exchange on Monday.
Investors are said to be clamoring for shares in Twitter's initial… (Richard Drew / Associated…)

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.

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