The company's finance chief, Mike Gupta, who joined Twitter last year, is in talks with banks about handing the public offering, according to the San Francisco Chronicle.
Gupta also played a key role in Zynga's IPO in 2011, helping negotiate the company's $1 billion line of credit from several banks including Morgan Stanley and Goldman Sachs.
USA Today previously reported that the IPO could come early next year.
(Read more: Twitter prepares to fly IPO )
Read the full story at the San Francisco Chronicle's website.
-By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson .
image: © West McGowan