S&P Capital IQ's Twitter Valuation ($TWIT) - PRN

Here is the meat of the release (emphasis mine):

Without earnings, Mr. Kessler believes an appropriate way to value Twitter is relative price-to-sales and price-to-sales-to-growth analysis. As part of the report, he assembled a peer group of 10 publicly traded high-growth technology, Internet, and social media companies. His analysis yields a valuation of $11.3 billion to $13.7 billion, which is below where Twitter valued itself last month, and below the contemplated IPO valuation, based on the initial price range indicated by the company.

S&P Capital IQ Equity Research Issues Twitter Pre-IPO Report (via PR Newswire)

Projects substantial revenue growth but operating profitability not expected through 2014 Download image S&P Capital IQ. (PRNewsFoto/S&P Capital IQ) NEW YORK, Oct. 30, 2013 /PRNewswire/ -- As the much-awaited IPO of Twitter fast approaches on or about…

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