Twitter valued at US$11b as it prepares IPO plan for 2014
Twitter could float on the stock market next year with a valuation of around US$11 billion, according to analysts.
In a report by Greencrest Capital, a firm that studies soon-to-IPO businesses, the microblogging site is already preparing to take the company public next year.
Max Wolff, a Greencrest analyst, told Forbes that Twitter's value increased after Facebook went public last year. Facebook's disappointing stock market debut saw its shares lose around half their value at US$38 a share.
Twitter, which allows users to share messages 140-characters long, is likely to perform better if analysts are to be believed.
Wolff said: "Using the secondary market for shares to mark enterprise value is a very difficult and opaque process. It is a rumour-rich and special-share-class soup. That said, Twitter is up since the Facebook IPO and is now valued at northward of US$11 billion.
"This makes sense as growth in users and new monetization efforts are both yielding fruit and pointing toward a good 2013 for Twitter."