Micro-blogging service Twitter has revealed more details about its planned IPO (Initial Public Offering) in the United States. It’s aiming to raise $1 billion, with the possibility of Twitter shares trading by the end of November.
Figures from the IPO documents show that Twitter made almost $317 million (£197 million) in revenue last year and currently has more than 218 million monthly active users. However, it made a loss of $79.4 million (£49.4 million) for the year.
The company’s value has been estimated at $10 billion.
[Documents on sec.gov]