Twitter’s IPO No longer priceless

THE wait is almost over. On October 24th Twitter announced a proposed price range of $17 to $20 a share for its much-ballyhooed initial public offering on the New York Stock Exchange, which looks set to take place in early November. If the company were to go public at the top end of its range, this would imply a valuation of around $11 billion for Twitter and would raise around $1.6 billion for the firm