Twitter has submitted a filing with the U.S. Securities and Exchange Commission ahead of an initial public offering.
The company broke the news—how else—via Twitter:
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 is not currently commenting further.
The social network's filing could see it start trading as early as this year. The company could be valued at $10 billion or more, based on its most recent investment-based valuations.
Launched seven years ago, Twitter has roughly 200 million active users and, according to eMarketer, Twitter will generate close to $600 million this year, almost entirely from mobile advertising.