The social networking company Twitter is about to become public and aims to debut with a $1 billion Initial Public Offering (IPO). This was revealed on the company’s own Twitter page by tweeting that the company’s S-1 will be filed publicly with the Security and Exchanges Commission (SEC). In other words, the company has submitted the form necessary to register in the SEC, which will allow it to sell stocks as a public company.
Twitter has increased its revenue from just $28 million in 2010 to $317 million by the end of 2012. Despite this growth in revenue, Twitter still made a loss of approximately $69 million in the first half of 2013. Regardless of the losses, the company’s growth lead analysts to believe that the company’s public offering will get a good response.
It is certain that Twitter will join the stock exchange, but it is unsure which stock exchange. Analysts believe that it is more likely that it will join NASDAQ since many other technology companies have come to the market with this exchange.
http://www.bbc.co.uk/news/business-24392336
http://www.latimes.com/business/hiltzik/la-fi-mh-twitter-20131004,0,3742550.story