(Reuters) – Twitter Inc is likely to price its hotly anticipated initial public offering later on Wednesday above an already bumped-up target range, according to sources familiar with the process.
While final pricing is still being hashed out between Twitter management and its underwriters, the two sources said the price was likely to be above the $25 top end of the range announced on Monday. A price at that level would value the company at more than $14 billion.
The sources, who declined to be named because the process is not public, said on Wednesday the price could hit as high as $28.
Goldman Sachs Group Inc, which is largely controlling the underwriting process, declined to comment.
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