Twitter Submits Plans for IPO
Twitter tweeted today (Tweet below) that the company has filed an S-1 with the SEC, meaning that the company will be going public very soon.
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
Twitter said that it filed confidential, which means that under JOBS (Jumpstart Our Business Startups) Act, the company could file and still keep some information under wraps. There’s yet to be any information on the valuation that Twitter will IPO with, however, speculation is below $1 billion. The employees at Twitter are about to become filthy rich, and no matter the valuation, everyone will be able to cash out. As I’ve said, the valuation is going to be less than $1 billion, but other sites have said a 10 to 15 billion dollar valuation. This is steep, even considering that the company had 350 million in revenue last year.
Once the company goes public, users can expect more ads all over the site, so the company can make more profits. Tell us what you think about this IPO!