Twitter’s new $1.75 bn IPO value: Hype or spot on?
By Richard Beales
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Twitter is increasing the price for its upcoming initial public offering by as much as a third. The social network is now looking to raise between $23 and $25 a share, according to a filing on Monday with the Securities and Exchange Commission.
That sets Twitter’s worth at as much as $14 billion, above its most recent internal value. Breakingviews’ latest calculator offers a way for prospective investors to decide whether that’s too much, or the right enticement.