Twitter Files For IPO

In just 140 characters, Twitter announced on its Twitter account that it has filed for IPO.
Twitter is taking advantage of a provision under the 2012 JOBS Act that allow companies with under $1 billion annual revinue to file its initial document with the Securities and Exchange Commission confidentially. By doing so, Twitter does not need to make their documents public until 21 days before the company goes on the “road show” to pitch the company to big investors on Wall Street for the IPO. The documents remain completely shielded from public until then.
Twitter has become one of the fastest-growing and most influential social media services since founded in 2006. The service is widely used by celebrities, journalists, politicians and others. Twitter is a great source of breaking news.
The Wall Street Journal estimated that Twitter is worth some $10 billion.

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