Twitter Announces It's Filed for an IPO via a Tweet

Posted September 12, 2013 at 9:50pm by iClarified | Please help us and submit a translation by clicking here | 6769 views

Twitter announced today that the company has filed for an IPO. The announcement came in the form of a tweet.

We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.

The tweet reveals that Twitter is filing using the new 'secret' IPO process made available by the JOBS act. This lets them make initial SEC filings without public scrutiny until they decide to actually sell shares to the public.

The fact that Twitter is taking advantage of a JOBS filing means that the company’s annual revenue is less than $1 billion, since anyone above that threshold can’t use that process. “Secret” IPOs have been popular throughout 2013, though this is the first time we’ve seen a company acknowledge the initial S-1 filing in public.

Read More [via AllThingsD]


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1
Steven job - September 12, 2013 at 10:07pm
iPo means Idiot Person Online
mhar - September 12, 2013 at 10:17pm
funny hhhh
Tom - September 12, 2013 at 10:24pm
Thx! :) Funny selfcritical comment btw :)
Tom - September 12, 2013 at 10:01pm
Whats an IPO?
Chynith - September 13, 2013 at 12:43am
IPO mean: Initial Public Offering mean they prepare to sale thier stock in securities market
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