The Twitter bird is ready to fly and a higher price could determine how far it goes.
Frenzy surrounding the hottest company out of Silicon Valley to come to market this year continued with the initial price set above range at $26.
The offering size remains at 70 million shares...
meaning Twitter will debut on Thursday with a market value of over $14 billion if underwriters exercise overallotment options.
That's higher than the $23 to $25 price range just raised two days ago, but below speculation it would price as high as 28 bucks.
The pricing fits into Twitter's desire not to repeat Facebook's mistakes, says Reuters West Coast Bureau Chief Jonathan Weber.
SOUNDBITE: JONATHAN WEBER, REUTERS WEST COAST BUREAU CHIEF (ENGLISH) SAYING:
"They did increase the price as did Facebook but they did not increase the number of shares and I think that was the big error that Facebook made was in both increasing the price and the number of shares at the ve
