The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
Suhail Rizvi, an enigmatic India-born investor, has emerged as one of the biggest gainers from Twitter's high-profile public debut.
Twitter is preparing to sell 70 million shares to the public in an IPO that will value the company at $10.9 billion.
Shortage of top engineering talent in Silicon Valley is inflating paychecks.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
In a lawsuit filed in US District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a means to give the money-losing company a $10 billion market valuation and higher IPO price.
'I know of at least one techie who quit his job to join the AAP in Delhi. Many others traveled to India to volunteer during the election. If you ask these volunteers why they were doing it when they can't even vote in India, they say, "We want a corruption-free India".' Ritu Jha looks back on the year that was; it was party time, she says, for news junkies like her.
In some ways, Elon Musk's vision is even bolder and more transformative than that of Steve Jobs, says B S Prakash.
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