Twitter could be worth £7bn if flotation were to go ahead
Twitter could value up to £7 billion if it goes public next year, according to a financial research firm.
This comes after disappointing recent initial public offerings (IPOs) for other tech giants Facebook and games maker Zynga.
Facebook's shares are down 26 per cent since its much-hyped IPO, while Zynga's value has dropped by 75 per cent.
New York specialist financial researchers Greencrest claim the microblogging site is already preparing to take the company public next year.
Max Wolff, a Greencrest analyst, told Forbes that Twitter's value is up since Facebook went public last year and that Twitter's value has also been swollen by speculation that Apple is interested in acquiring the company.
A funding round in 2011 valued Twitter at $8bn, after which the value rose to $10bn on secondary markets before Facebook's IPO pushed the value back down to $9bn.
Wolff added: “Growth in users and new monetisation efforts are both yielding fruit and pointing toward a good 2013 for Twitter.”
Twitter's chairman, Jack Dorsey, has said the firm would go public “when we feel the company is ready for that milestone.”
- 2 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to join show
- 3 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 4 University student in court for allegedly covering housemates' food in window cleaner and spit
In defence of liberal democracy
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
Andy McSmith's Sketch: Feisty audience is the real star of an enlightening show
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...