Twitter raises its IPO to $25 a share

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Source: Bloomberg
Twitter Inc. is likely to price its initial price offering at a higher valuation than initially expected making it more expensive than its rival with 5 times as many users, Facebook. The microblogging company Twitter increased its IPO to $23 to $25 a share making a top of the range market capitalization of $13.6 billion valuating the company 11.8 times its 2014 estimated sales.

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