Twitter Raises Price Range for IPO

Between $23 and $25


SAN FRANCISCO—Twitter has raised the price range for its hotly anticipated initial public offering to between $23 and $25 ahead of its initial public offering on Thursday.

The move shows demand for the shares are high from institutional investors.

The price boost means Twitter could at the high end of the range and be valued at $13.6 billion.

Twitter plans to sell 70 million shares.

The company initially said it would sell the shares at $17 to $20 apiece, a range that was below analyst expectations.