Twitter to close IPO books early on strong demand -sources
Nov 4 (Reuters) - Twitter Inc (Symbol : TWTR) is set
to close the books on its $1.75 billion initial public offering
a day earlier than scheduled, on Tuesday at 12:00 p.m. EST (1700
GMT) amid strong investor demand for shares, according to two
sources with knowledge of the process.
The microblogging network still intends to price shares on
Wednesday for trading on the New York Stock Exchange on
Thursday, the sources said.
The sources declined to be named because the process is not
Goldman Sachs Group Inc (Symbol : GS) is leading Twitter's IPO,
alongside Morgan Stanley (Symbol : MS) and JPMorgan Chase & Co. (Symbol : JPM)
A spokesperson for Goldman declined to comment. A
spokesperson for Twitter could not be reached immediately for
Twitter on Monday said it was boosting the price range of
its IPO to $23 to $25 per share from an earlier range of $17 to
$20 per share. It intends to sell 70 million shares.
(Reporting by Olivia Oran; Editing by Gerald E. McCormick)
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