Twitter Submits Filing to US Securities and Exchange Commission Ahead of IPO

Posted by Knowlton Thomas

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.

 

Company:
Twitter
Website:
http://www.twitter.com
Location:
San Francisco, California, United States

Twitter is a privately funded startup with offices in the SoMA neighborhood of San Francisco, CA. Started as a side project in March of 2006, Twitter has grown into a real-time short messaging service that works over multiple networks and devices. In countries all around the world, people follow the sources most relevant to them and access information via Twitter as it happens—from breaking world news to updates... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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