Posted Oct. 25, 2013 at 6:38 a.m.

Premium Lock Twitter seeks $1.4B in biggest web IPO since Facebook

Published: 2013-10-25 06:38:09
Updated: 2013-10-25 06:38:09

Twitter soaring in mobile ads. The Twitter Inc. logo is displayed on computer monitors for a photograph in Washington, D.C., U.S., on Friday, Sept. 13, 2013. Twitter Inc.'s market debut will be the most anticipated initial public offering since Facebook Inc. listed last year, and the microblogging service is making sure to avoid some of its rival's pitfalls. Photographer: Andrew Harrer/Bloomberg

Twitter plans to sell 70 million shares at $17 to $20 each in the offering, according to a regulatory filing Thursday. That would value the company at $10.9 billion at the top end of the range, cheaper than Facebook and LinkedIn, based on the 544.7 million common shares outstanding after the IPO. The IPO is set to price Nov. 6, according to data compiled by Bloomberg....

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