Twitter hikes IPO price range to $23-$25

|By:, SA News Editor

Twitter's (TWTR) hike, which comes amid strong demand for its IPO and a general belief its initial price range of $17-$20 was conservative, means the company is now set to raise $1.61B-$1.75B (by selling 70M shares), and sport an IPO valuation of $12.5B-$13.6B. (S-1)

Twitter shareholder GSV Capital (GSVC) is up 3.4% premarket on the news. The Firsthand Technology Value Fund (SVVC) might also trade higher.