Today, Twitter has confirmed via a tweet that it has filed an S-1 with the SEC and going to be a Public company soon.
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.
— Twitter (@twitter) September 12, 2013
Twitter is expected to go public at a valuation of roughly between $15 billion to $20 billion. Currently it is valued around $11 billion.
If you could remember, Facebook CEO, TC Disrupt, advised Twitter to go public and not be afraid of this. And next day, company has announced for TPO. We all know that company is not following the advice of Zuckerberg, but it was a nice coincidence.
Twitter has been preparing for public offering from past few months. In this time period, it has also hired few key people in the company and shuffled many. It has also acquired few startup for mobile ads and social data.
Related Posts
