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Twitter prices IPO at $17 to $20 a share

Thursday, 24 Oct 2013 | 4:14 PM ET

SAN FRANCISCO, Oct 24 (Reuters) - Twitter said on Thursday that it intends to sell 70 million shares priced between $17 and $20 in an initial public offering that will value the company at as much as $10.9 billion.

Twitter said it planned to raise between $1.25 billion and $1.44 billion in the offering, according to an amended version of its prospectus filed on Thursday.