Twitter Increases IPO Price to $25 per share.

Twitter must be feeling pretty good ahead of its IPO scheduled for later this week to boost the price range of its initial offering to $23-$25 per share up from a range of $17-$20. This increase in price could raise up to $2B for the company and give it a market value of about $15.6B. The company is set to price shares Wednesday November 6th and start trading the following day.

Reports are indicating that even with the increased price, Twitter will easily be able to sell the 70M shares it is offering.

Twitter is a seven-year-old micro-blogging social network that reported losses of $134M last year on revenue of nearly $422M. Twitter is cautiously trying to avoid replicating Facebook’s disastrous IPO that didn’t provide a return for investors until nearly a year later.