Twitter Brings Forward Stock Market Listing
Published on: 30th Sep 2013
Note -- this news article is more than a year old.
Twitter is expected to accelerate its plans for a stock market listing and could publish it public documents later this week.
The publication of the S-1 filing with the stock exchange had not been expected until November, but is reported to be ready right now.
The document was initially filed in private as is permitted for companies with an annual turnover of less than USD1 billion, but will now be made public, and will reveal for the first time how much money Twitter makes, or loses.
Analysts will be sure to compare Twitter with Facebook in terms of its ability to generate revenues from mobile phone users, which Twitter was once said to have a strong lead over Facebook.
The release of the S-1 filing comes sooner than expected as when Twitter announced that it had made the filing, most people presumed that meant it had just submitted the document. It is now being suggested that the document had been submitted back in July, and was only making the issue public to test investor reaction.
Twitter is expected to be valued at between $15 billion and $16 billion when the shares are listed -- which could now take place in early November.
On the web: Quartz