Twitter (TWTR) intends to raise $1.19-1.4B in its IPO by selling 70M shares at $17-$20 each, giving the company a market cap of $9.3B-$10.9B. It appears as if Twitter is trying to avoid a repeat of Facebook's (FB) listing by pricing its offering conservatively - the micro-blogging Web site's range is lower than prices reportedly offered in private trades.
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