NYX Nyse Euronext

Twitter Inc. is planning to pay bankers a fee of about 3.25% in an initial public offering in which it hopes to raise more than $1 billion, Bloomberg reported Friday, citing people with knowledge of the matter.

Twitter and its bankers, led by Goldman Sachs Group Inc. (GS), will probably start a roadshow in the last week of October, these people said. For its listing, the social media service is leaning toward the New York Stock Exchange, one person said, although it is still in talks on the IPO with both NYSE and Nasdaq.

Full story at http://www.bloomberg.com/news/2013-10-11/twitter-said-to-pay-3-25-bankers-fee-for-market-debut.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires