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Twitter is looking to raise $1 billion with its IPO

Twitter's IPO filing is public, looks to raise $1 billion

| Business, Financial & Legal News | Posted: Oct 4, 2013 5:31 am

Twitter is closer to its IPO, pushing out its IPO filing with the United States Securities and Exchange Commission. The social network filed an S-1 behind closed doors earlier in the year, as they were able to do so because Twitter's annual revenue was less than $1 billion last year.

 

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Now that Twitter's S-1 in public, we can find out what its financials are ahead of its IPO. The social network is looking to raise $1 billion, which will be underwritten by Goldman Sachs, Morgan Stanley and a bunch of other banks. Twitter will share its trade under the ticker TWTR.

NEWS SOURCES:Bgr.com

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