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Twitter valuation continues to rise ahead of possible IPO
- USA: Monday, May 13 - 2013 at 07:38
Twitter Inc. has been valued at $9.8bn by one of its investors, up about 10% from a previous estimate, indicating shares are appreciating ahead of a possible initial public offering for the microblogging service, Bloomberg has reported. GSV Capital Corp owns 1.9 million shares of Twitter valued at $35.2m, the firm said. Twitter is becoming more valuable as the San Francisco-based social website boosts revenue from advertising and moves closer to a predicted IPO. In January, it was valued at about $9bn when a fund managed by BlackRock Inc. bought stock from employees, up from the $8bn valuation in a 2011 investment round led by DST Global, people with knowledge of the matter said.
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