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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

Anthony Garreffa | Sep 12, 2013 at 10:29 pm CDT (0 mins, 27 secs time to read)

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.

Twitter is going public, files for IPO | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:39 am CDT

NEWS SOURCE:mashable.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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