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