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Twittering carefully

Twitter avoids Facebook IPO overreach - thus far

Richard Beales 

Richard Beales Twitter seems to be avoiding Facebook's overreach - so far. The microblogging site's provisional pricing for its initial public offering (IPO) is $17-$20 a share. Calculations by Breakingviews suggest that's modest by the metrics available, though without profit these require a leap of faith. At least, Twitter seems to be avoiding the premature heights of Facebook's flawed debut last year. Even at the top of the range, the company's fully diluted market capitalisation with 670 million odd shares - a bit north of $13 billion - appears relatively justifiable. Take ...

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First Published: Sun, October 27 2013. 21:22 IST