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Twitter started IPO process

Staff writer ▼ | September 12, 2013
Twitter, Inc. announced that it has started a process that may lead to one of the most eagerly awaited initial public offerings. And, along the way, now we know the company's annual revenue.
Twitter
TwitterTwitter, Inc. announced that it has started a process that may lead to one of the most eagerly awaited initial public offerings. And, along the way, now we know the company's annual revenue.


"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," said Twitter in their timeline.

The company started an IPO with a JOBS filling, a kind of a "secret IPO". JOBS act means that the company and its investors may be in talks with SEC in private and make the initial filings without public discussion. That also means that the company has annual revenue below $1 billion, otherwise it wouldn't be able to use a JOBS act.

The microblogging social network was started back in 2006, today has more than 500 million users as of 2012, and more than 340 million go through its network every day. The company is headquartered in San Francisco, Ca., and its value is estimated at approximately $10 billion.


 

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