Twitter IPO pegs valuation at modest $11 billion

Costolo,chief executive of Twitter, departs Morgan Stanley in advance of the firms IPO, in New YorkBy Alexei Oreskovic and Gerry Shih SAN FRANCISCO (Reuters) – Seeking to avoid a repeat of Facebook Inc's much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $ 1.6 billion and value the company at up to about $ 11 billion. The valuation was more conservative than the $ 15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise. …



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Posted by on Oct 25 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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