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Business

Twitter targets Nov. 6 for IPO launch

By
Mark DeCambre
Published Oct. 24, 2013, 1:01 p.m. ET

Tweet November!

Twitter is targeting Nov. 6 for the launch of its highly anticipated stock offering, The Post has learned.

Already the investment banks handling the IPO are preparing to kick off the “road show” to pitch the stock to potential investors as early as Monday, sources said.

Twitter plans to set the price range for the share sale this week, setting the stage for its public debut the first week in November, according to WSJ.com

Earlier this month, Twitter filed its IPO documents with the Securities and Exchange Commission, using $1 billion as a placeholder. But the share sale could hit as much as $2 billion if demand is heavy, sources said.

Twitter’s IPO is being led by Goldman Sachs with Morgan Stanley, with JPMorgan Chase also playing a key role.

The company, which chose to list its shares on the New York Stock Exchange, is set to be the hottest name to hit the IPO circuit since Facebook in May 2012.