Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
September 13, 2013 01:07 am GMT

Twitter Files for IPO

Costolo

Twitter has filed initial paperwork to go public, the company revealed on Thursday. The company tweeted its announcement on Thursday afternoon:

See also: 10 Must-Follow Breaking News Accounts on Twitter

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.

— Twitter (@twitter) September 12, 2013

Shortly after, Twitter added:

Now, back to workpic.twitter.com/e4lK8e7pY9

— Twitter (@twitter) September 12, 2013

Twitter is currently valued at around $11 billion, according to estimates. Twitter is able to file confidentially thanks to the JOBS [Jumpstart Our Business Startups] Act, which lets companies go public without public scrutiny. JOBS applies to companies with less than $1 billion in revenues. Read more...

More about Twitter, Ipo, and Business

Original Link: http://feeds.mashable.com/~r/Mashable/~3/djjtGPEJjPw/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable