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October 16, 2013 01:30 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/G7DpCuzUHuE/
Twitter Announces It Will List On The NYSE Under TWTR
Twitter has amended its S-1 filing to note that it will be listing on the New York Stock Exchange under the TWTR symbol, a detail that was omitted from the original filing. The new document was uploaded to its EDGAR archive today. There is still no valuation or IPO estimation listed in the document. Twitter notes that it now has 230M MAUs, marking a growth of 15M MAUs over the last three months since June, 2013, which isn’t exactly a huge number. There had been some speculation that Twitter would list on the more tech-heavy Nasdaq previous to the announcement.Nasdaq shares fell 1.6% on the news that the listing will go to the NYSE.Twitter competitor Facebook chose to list on Nasdaq, which may have been a component of Twitter’s decision to list on the NYSE. There are several new items in Twitter’s updated S-1 filing as well, including the fact that as of September 30th, it now has 2,300 employees. Twitter has also updated the S-1 to note that there were 48 billion Tweet impressions online in Q3, up from 30B in Q2, 2013. There is also growth in MAUs accessing Twitter from a mobile device, up to 76% of users in Q3 vs 75% in Q2, and over 70% of its ads revenue was from mobile devices, up from 65%. Revenue is up 106% over the past 9 months to $422M, which marks a slowing from the 107% growth over the six month period ending June 30th. The bigger gasp is that the net loss figure increased by 89% to 133.9M over the past nine months as compared to the figure for the last six months ending in June 2013, which put net losses increases at 41% to $69.3M. More to come…Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/G7DpCuzUHuE/
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