SAN FRANCISCO: Seeking to avoid a repeat of Facebook Inc's much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to US$1.6bil (RM5.03bil) and value the company at up to about US$11bil (RM34.62bil).
The valuation was more conservative than the US$15bil (RM47.21bil) some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
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