That squares with what Twitter chairman Jack Dorsey told CNBC late last year: The company is getting ready for an initial public offering at a time of its choosing.
While Twitter's not yet public, its shares are traded on secondary markets. Based on recent trades, the company hit a notional valuation of $11 billion, Greencrest analyst Max Woolf told Forbes.
The company's most recent financing, in 2011, valued the company at $8 billion. It subsequently rose to $10 billion in private trading, but fallout from the Facebook IPO knocked it back down below $9 billion last summer.
Because secondary markets are illiquid compared to public markets, these private valuations aren't entirely predictive of a business's future value as a public company. But consider this: 10 months ago, Facebook stock changed hands at $29.30 a share. It's now at $28.
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