< >


Twitter Tweets That It Is Filing For an Initial Public Offering of Stock

@AP: BREAKING: Twitter tweets that it is filing for an initial public offering of stock.

@BloombergNews: BREAKING: Goldman Sachs said to be lead underwriter in Twitter IPO


Twitter files for its IPO

By Josh Ong, 11 minutes ago

Twitter has announced that it has filed for its IPO.

Twitter ✔ @twitter

We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.
5:00 PM – 12 Sep 2013

Since Twitter was able to submit confidentially, it had annual revenue of less than $1 billion in its most recent fiscal year. The JOBS Act allows for “emerging growth” companies with less than $1 billion in annual gross revenue to file in secret.

Twitter has been steadily preparing for a public offering with key hires and acquisitions. In May, it hired Morgan Stanley veteran Cynthia Gaylor to head up corporate development. Last December, the company brought on Mike Gupta as CFO and shuffled Ali Rowghani to COO. Recent acquisitions include the world’s largest mobile ad exchange MoPub and social data company Trendrr.

Source: Associated Press

Read more

Tags: ,


Share Us on Twitter & Facebook Now