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Twitter is going public, files for IPO

Twitter has submitted an S-1 to the SEC, is hoping to go public

| Business, Financial & Legal News | Posted: Sep 13, 2013 3:29 am

This day was always coming for Twitter, but for me at least, it kind of struck me by surprise. The social network has said that as of Thursday afternoon, it has confidentially submitted an S-1 to the SEC for a planned IPO.

 

TweakTown image news/3/2/32901_01_twitter_is_going_public_files_for_ipo.jpg

 

At the moment, Twitter is valued at around $11 billion, and is able to file confidentially thanks to the JOBS (Jumpstart Our Business Startups) Act. The JOBS Act allows companies to go public without public scrutiny, and is for companies that have has than $1 billion in revenues.

NEWS SOURCE
Mashable.com

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