Twitter files for IPO, chirps announcement in a tweet

Not a very secret IPO, Twitter

Twitter files for IPO, chirps announcement in a tweet

Twitter is following Facebook's lead and going public.
The microblogging site announced in appropriate 140-character form that it has "confidentially submitted" its IPO registration with the U.S. Securities and Exchange Commission.

We asked for follow up from Twitter, and were told that the only comment it's offering is its tweet.
The company is taking advantage of a new "secret" IPO provision in 2012's JOBs Act. According to Business Insider, companies with less than $1 billion (about £63m, AU$1.07b) in revenue can submit an initial SEC filing without having to make documents typically associated with the process public.

Twitter's financials don't have to become public until 21 days before its "roadshow," or the time it wil pitch its stock to investors.

Facebook's footsteps

Weirdly, news of Twitter's filing comes one day after Facebook CEO Mark Zuckerberg was asked at TechCrunch Disrupt if he had any advice for Twitter on its then unannounced but fully expected IPO.

"I'm kind of the person you'd want to ask last about how to make a smooth IPO," Zuckerberg said to chuckles, referring to Facebook's problem-laden public offering.

"I actually think that .... Read the rest of this post ---->
Share on Google Plus

About Doru Somcutean

Hello, my name is Somcutean Doru and I'm from Romania.

I really like to read reviews and see what's new about technology, on D-BLOG I share with you articles/reviews that I find interesting. I also write some reviews in romanian...

My second blog is D-NEWS , here are some movie reviews , my favorite songs or clips that I more like a personal please don't get in because you'll get really bored.

I hope you like it!

0 comentarii:

Post a Comment