Twitter said the IPO could raise up to $ 1.6 billion and the value of the company up to $ 11 billion. 

The assessment was more conservative than the $ 15 billion (€ 10 billion), some analysts had expected for the site of micro-blogging social media. 

Twitter had said for weeks that would be the price of its IPO modestly to avoid the kind of values ​​fall some pampering for Facebook. 

He said yesterday that he intends to sell 70 million shares between $ 17 and $ 20 each, raising up to $ 1.4 billion for the company. 

If subscribers choose to sell an additional allocation of 10.5 million shares, the offer could raise up to $ 1.6 billion. 

The application of Twitter is the most publicized Internet IPO in May 2012 Facebook debut, when the shares of social networking giant fell below their offer price and have not recovered a year later. 

However, the modest price obscure questions about the profitability of Twitter. 

"The fact that the assessment is below expectations, I think it was smart by insurers. Believe it will help to pop, "said Michael Yoshikami destinational Weath management. 

"But in the end, even for $ 11 billion, the question is how can get income to support this number What is not clear that they will be able to do it." 

In an assessment of about $ 11 billion, Twitter would be more than Yelp and AOL combined, but only a fraction of the technology giants like Google and Apple, worth $ 342bn and $ 483bn respectively.

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