Twitter, it seems, has learned much from Facebook’s early IPO stumbles.
Mark Zuckerberg’s company, which debuted on Wall Street amidst buoyant expectations and no clear mobile revenue strategy, stumbled for months at the expense of shareholders before finally regaining its lost step and recovering its early momentum.
Twitter, on the hand, wants to get it right from the start.
On Thursday, Twitter revealed what many analysts are calling modest ambitions. The microblogging giant’s initial offering would raise up to $1.6 billion and value the company at approximately $11 billion.
It goes without saying that this valuation is far more conservative than the $15 billion some analysts had expected.
Twitter plans to sell 70 million shares between $17 and $20 apiece.