The Wall Street Journal reports that,Twitter executives originally estimated a share-price range of $17 to $20, and then on Monday raised range to between $23 and $25.
Twitter's Inc.'s initial public offering is likely to price at $25 to $28 a share, according to fund managers briefed by Goldman Sachs Group Inc. and Morgan Stanley bankers, two of the banks underwriting the deal.
These people said that bankers were aiming to price the deal at $27, but that the company had not yet made a final decision.
Twitter executives have in the past expressed concerns that a too-high price could see the company repeat experience of Facebook's IPO.
