Twitter Valuation Up To $7.7 Billion
A recent auction of Twitter shares on the secondary market has now raised the value of the company to $7.7 billion, doubling the $3.7 billion valuation made in December of last year.
Says Reuters:
Investors have agreed to pay $34.50 a share for Twitter in the auction conducted by Sharespost, an exchange for private company shares that announced the news on Friday.
Based on the 223.7 million estimated fully diluted shares of Twitter listed by Sharespost on its website, the deal would suggest a valuation of roughly $7.7
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