Twitter IPO More Expensive Than Facebook Without Profits

Twitter IPO More Expensive Than Facebook Without Profits

Scott Eells/Bloomberg

Twitter previously took steps to avoid the hype that befell the IPOs of Facebook, Groupon Inc. and Zynga Inc. Facebook, which raised its offering price range in the run-up to its IPO in May 2012, saw its shares lose more than half their value within three months of going public.