Twitter Said Likely to Price IPO Above Increased Offer Range

Twitter Inc. is likely to price its initial public offering above the increased range announced earlier today, raising more than $1.75 billion, two people with knowledge of the matter said.

The IPO is already several times oversubscribed at $25 a share, the high end of the range, said the people, who asked not to be named because the information is private. Underwriters for Twitter’s IPO will stop taking orders at noon tomorrow in New York before setting the final price on Nov. 6, one person said.