Twitter is preparing for its stock market debut, filing the necessary documentation and, naturally, announcing it all via tweet.
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Twitter wants to attempt a stock market IPO, and the news, which has been in the air for some time, is now fully confirmed.
A tweet from the official account announced that Twitter staff has filed the document known as “S-1” with the Securities and Exchange Commission.
This report is a series of documents necessary for analysis by the competent body, in order to receive – or not – the approval to launch the initial public offering (IPO).
The opportunity to present itself to Wall Street comes after a sector reform passed last year by the American government: today, companies generating less than a billion dollars in revenue can apply confidentially, just as in this case.
This means that companies using this specific procedure can choose not to disclose their financial results immediately, deciding to make them public once the shares are placed.
The news has not left financial sector experts indifferent. Despite the path of confidentiality chosen by the microblogging giant, they have estimated the company’s value at around 10 billion dollars, with 583 million dollars in revenue at the close of 2013.
Recent rumors suggest that Goldman Sachs will handle the IPO process, but Twitter has not confirmed this point.
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