Twitter IPO pegs valuation at modest $11 billion

Home Forums Twitter IPO pegs valuation at modest $11 billion

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    Technology News

    Shadows of people holding mobile phones are cast  a backdrop projected with the Twitter logo in WarsawBy 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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