Confidentials 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Valuation. twitter is a smaller company with a much lower valuation. you said its valuation was $10 billion. that was roughly the valuation at its last round of funding. on the secondary market there are some shares that are trading. it's valued closer to $15 billion. so investors are really hoping that that valuation does not get inflated. we expect twitter to issue many fewer shares than facebook, but also just remember it's a much smaller company. >> all right. so twitter, though, keeping quiet about how many shares it will offer. is there talk about how much they will actually cost, and wh...

Share a similar fate to facebook. facebook immediately tanked after ipo revealing last year. joel lien kent is with us now. up until the tweet, they were on the down low. >> yeah, that's right. they decided to share the information and the reason that they filed for confidential s 1 with the fcc is because they have revenue of less than $1 billion and the jobs act actually from last april allows companies to do that. and one more thing on the comparison to facebook, a lot of people have been drawing the comparison. i don't think it's going to end up as a botched ipo for two reasons. one, twitt...