Twitter’s latest S-1 updates raises share target price to $23-$25

In yet another amendment to its S-1, Twitter has raised the price range of its shares from $17-$20 to $23-25. The bump would allow Twitter to raise around $1.75 billion, and boost the company’s value from $10.9 billion to $14 billion. This is still a long way off of Facebook’s introductory IPO share price of $38.00 (currently, that stock is trading around $49), but the increase does jive with the company’s previous amendment that signaled increasing revenue in Q3. The company is expected to list its shares on Thursday.

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