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OCT 29, 2013 - TheStreet

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Twitter IPO Isn't Just Sexy, It's Also a Value Play

NEW YORK (TheStreet) - Analysts valuing the shares of Twitter say the popular micro-blogging site may be a bargain ahead of its upcoming initial public offering, which according to a recent filing, will list 70 million shares at a range of between $17 and $20 a share. Twitter will sell up to $1.4 billion in stock in a share offering that would value the fast-growing media site at $10.9 billion using the high end of the firm's price range and a total of 544.7 million outstanding shares. Recent analyst valuations on Twitter, however, peg the firm's shares closer to $30 apiece. Sterne ... Read More

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