Twitter IPO Filing will reportedly be made public this week

Twitter logoA couple of weeks back Twitter announced, via what else, Twitter that it is seeking to go public. The company filed a S-1 form confidentially with the Securities and Exchange Commission. The luxury to do so confidentially is allowed by the JOBS act to emerging growth companies. The form itself isn’t an offer for sale of securities, it basically lists the company’s basic financial and business information that is related to its securities offering. Reuters reports that Twitter’s IPO filing may finally be made public later this week.

Currently, Twitter is said to have an estimated value of $15 billion. It is believed to be the second biggest technology related IPO since Facebook went public last year. Specifics about the initial public offering are not available as yet, it is not known what the IPO date is and what the target price is going to be. Still, there are a variety of factors that can delay Twitter’s IPO, from changing market conditions to changes made to its prospectus. Apparently the company is inclined more towards the New York Stock Exchange over Nasdaq for the initial floating of its securities. Rumor has it that Twitter aims to have its shares trading in the open market before Thanksgiving, which falls on November 28th.

Source: Ubergizmo

Tags: social networks, Twitter

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