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Twitter sets IPO stock price

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In a regulatory filing late Thursday, Twitter set a preliminary price range of $17 to $20 per share for its IPO. It also raised the maximum size of its offering to $1.4 billion, up from its previous $1 billion, according to CNNMoney.

The social media company plans to sell about 70 million of its shares in the IPO. Shares will trade on the New York Stock Exchange.

Twitter will set its final stock price the night before it begins trading, which according to the report, will be in a few weeks.

Read more from CNNMoney.

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