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Twitter IPO Expected Nov. 7

Pricing the 6th, trading the 7th

By Scott Budman
|  Thursday, Oct 31, 2013  |  Updated 5:27 PM PDT
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Twitter IPO Expected Nov. 7

Justin Sullivan/Getty Images

Ready to go...

Twitter is about to go public.

The head of global listings for the NYSE said in a television interview on Bloomberg TV that Twitter is expected to price its IPO on the evening of Nov. 6 and begin trading Nov. 7.

Twitter will trade on the NYSE under the symbol "TWTR," Scott Cutler told Bloomberg's Emily Chang on Thursday.

The San Francisco-based company previously set a price range of $17 to $20 per share for its initial public offering, saying it could raise as much as $1.6 billion in the process.

Twitter said in a regulatory filing that it will put forth 70 million shares in the offering.

Wednesday, two financial firms sued Twitter, saying it supported their own world tour to sell its shares last year, only to disallow the sales in a ruse aimed at boosting the company's valuation above $10 billion for an initial public offering. Twitter says the suits are “without merit.”

Scott, who covers Twitter, is on Twitter: @scottbudman

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