IPO Update

Twitter raises a $1 Billion Credit Line from Banks ahead of IPO

twitter-IPOBanks have provided a $1 billion credit line to Twitter that will help Twitter to manage its Initial public offering. The lenders include Goldman Sachs, Morgan Stanley and JPMorgan, reported Bloomberg.

Facebook obtained the unsecured line before it went public last year. The line was a fraction of the $8 billion.

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