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Friday, September 13, 2013

Twitter says it’s planning a stock market launch

Twitter has announced - in a Tweet, naturally - that it’s submitted paperwork to the US Securities and Exchange Commission for a planned Initial Public Offering (IPO).

It described the submission as ‘confidential’ because it’s a relatively small business and therefore didn’t need to reveal any information under US law at the moment.

The timing of the IPO is unconfirmed, although most rumours suggest early 2014 or perhaps December 2013.

Twitter launched its micro-blogging platform in 2006 and currently has over 200 million users worldwide.

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Author: The Fonecast
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