The hotly anticipated public offering of Twitter stock is happening on Thursday, and today the business world is abuzz with news that the company is cockily raising the price range of their first stock sale. Originally proposed at $17 to $20 a share, it's looking like the stock price for TWTR stock will open at between $23 and $25 per share.

This puts the valuation of the company at around $15 billion, and means that they'll be raising somewhere in the neighborhood of $1.7 billion in capital for themselves from the IPO.

Also, this means the company and its advisors from Goldman Sachs are feeling pretty confident that this IPO won't go the way of Facebook's, which initially tanked after their $38 price proved to be a little high at first. (Nonetheless, Facebook stock has fully recovered in the last year and today it's trading at $48.82.)

According to one analyst noted by the NYT, the target price for the stock after opening day could be around $29.

If you see any Twitter employees out celebrating on Thursday evening and lighting piles of cash on fire, please kick them.

[Dealbook/NYT]
[CBS]