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Twitter’s underwriting lineup expanded ahead of IPO

Twitter Inc. has added a handful of banks to its underwriting syndicate, as the microblogging portal seeks to sell shares during its much anticipated initial public offering, Reuters has reported. An IPO would mark a business milestone for seven-year-old Twitter, which is used by more than 200 million people. Twitter didn't reveal how fast it is growing or whether it is profitable, but it has already achieved a valuation of over $9bn, as judged by private sales by employees of their stock to BlackRock Inc. earlier this year, the Wall Street Journal said, citing people familiar with that transaction.