Twitter is preparing to announce a price range for its eagerly awaited initial public offering within the next two days, a person briefed on the matter said on Thursday, as it readies a road show for investors.
Company executives and their advisers will crisscross the country presenting their case in a series of meetings as soon as Monday. A video presentation that will be available online will also go up shortly.
Twitter has also moved up the pricing of its offering by more than a week, to Nov. 6, this person said. That means that the social network would then begin trading on the New York Stock Exchange, under the ticker symbol “TWTR,†the next day.
The I.P.O. is currently expected to raise between $1 billion and $1.5 billion. Though it will not be the biggest in terms of size â€" Plains GP Holdings, an energy company, raised $2.8 billion last week â€" the Twitter deal is one of the most hotly anticipated offerings since Facebook‘s market debut last year.
Though the social network valued itself at more than $12 billion in August, the company is expected to seek an even higher valuation in its offering.
News of the pricing’s timeline was reported earlier by The Wall Street Journal.
