Twitter hoping to avoid Facebook’s market pitfalls

Twitter has set the ball rolling for one of the most eagerly anticipated stock market flotations since Facebook took the plunge last year.

The social network has filed paperwork for an initial public offering (IPO). The move follows fervent speculation about when the company would go public and comes more than a year after Mark Zuckerberg’s Facebook enjoyed one of the biggest flotations in the US stock market history.

Estimates suggest Twitter could be worth between $10bn and $15bn (€7.5bn and €11.2bn).