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Lesson 3: Leave some money on the table. Twitter won't price its IPO as aggressively as Facebook did, says Hamadeh. That increases the chances of Twitter's stock rising once it begins trading. He expects Twitter to set its IPO at a price that values the company at about $15 billion. That's up from an estimated value of $10 billion, based on the money Twitter has raised from venture capitalists and other early investors. Facebook kept raising its IPO price until the company was valued at $104 billion, or about four times Google's valuation when it went public in 2004. Facebook saw its stock plunge from its IPO price of $38 to below $18 within four months of its IPO amid concerns about its slowing growth and ability to sell ads on mobile devices. Lesson 4: Timing is everything. Many analysts thought Twitter might wait until next year to go public, but the stock market's appetite for social media companies has never been hotter. With the company's revenue growth picking up again, Facebook's stock has surged by more than 60 percent in less than two months. Meanwhile, LinkedIn Corp.'s stock has more than doubled so far this year. Things are going so well that even Facebook CEO Mark Zuckerberg has gotten over his one-time aversion to going public. In an about-face, Zuckerberg told a technology conference in San Francisco earlier this week that the IPO process turned Facebook into a better-run company. "I have been very outspoken about staying private as long as possible, but I don't think it's that necessary to do that." Zuckerberg said Wednesday. Twitter tweeted the news about its IPO filing less than 24 hours later.
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