Twitter sets range for $1.4bn IPO

NYSE Wall Street

Twitter plans to sell its shares for anywhere from $17 to $20 per share in an initial public offering, the company said on Thursday.

Twitter is offering 70 million shares, suggesting the deal could raise up to $1.4 billion for the social media company.

At the top end of the range, Twitter would be worth some $10.9 billion.

(Read more: #TwitterIPO )

The company did not set a date for the offering, though previous reports have said it could be as soon as the week of Nov. 4.

The stock will list on the New York Stock Exchange under the symbol "TWTR."