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Twitter's 'anti-Facebook' IPO tactics win over some investors

From its vastly smaller deal size to decision to list on New York Stock Exchange, Twitter's IPO differs from that of Facebook


Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012. On Monday and Tuesday, Twitter Chief Executive Dick Costolo and Chief Financial Officer Mike Gupta met with large fund managers and analysts in New York and on the East Coast to sell them on an IPO that seeks to raise up to $1.6 billion for the loss-making social media company. Closely watched by Wall Street and Silicon Valley, Twitter's relatively ...

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First Published: Wed, October 30 2013. 10:28 IST