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Twitter boosts IPO range amid strong investor demand

04
Nov
2013

Twitter Inc raised the price range for its initial public offering on Monday as it seeks to raise up to $1.75 billion, signaling strong demand for the most closely watched IPO since Facebook Incs in 2012. The IPO is set to price on Wednesday, with shares trading on the New York Stock Exchange on Thursday. Twitters IPO is fully subscribed, meaning it has attracted more than enough investor interest, according to a source familiar with the offering. The company plans to close the books on the IPO a day earlier than scheduled, on Tuesday at 12:00 p.m. EST (1700 GMT), because of strong demand for its shares, according to two sources with knowledge of the process.

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