Twitter reportedly set to price IPO at $27

|By:, SA News Editor

CNBC reports Twitter's (TWTR) underwriters are looking to price the company's IPO at $27, above an elevated price range of $23-$25, if current momentum holds.

A $27 price would allow Twitter to raise $1.9B, and sport an IPO valuation of $14.7B. All signs indicate demand has been very strong.