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Twitter seeks up to $1.61 bn in IPO

A Twitter tweet announcing the company's planned initial public offering (IPO) is pictured on a mobile telephone in Madrid on October 4, 2013Twitter raised the value of its initial public offering Thursday to as much as $1.61 billion as the popular messaging service moved a step closer to Wall Street. In regulatory documents, Twitter boosted the IPO amount from an earlier estimate of $1 billion, saying it would sell 70 million shares in a price range between $17 and $20 a share.