Twitter Announces IPO Plans via Tweet
Twitter made an announcement on Thursday through a tweet that it has initiated the process to be a stock offering company in the tech sector. "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", the company tweeted.
Based on early venture capital investments, Twitter's market value has been estimated around $10 billion. The initial public offering is likely to bring a higher amount. The firm added in another tweet that Twitter will IPO at just the right inflection point. It is unlike Facebook which waited for too long to IPO.
Lou Kerner at the Social Internet Fund said that he is expecting a positive reaction from investors.
Twitter has become the most popular forum for public discussions. It is rapidly growing and used widely by celebrities, journalists, politicians and others.
It was revealed by the company that it has more than 200 million active users. Twitter announced this week about it intense efforts for mobile advertising with the purchase of MoPub. Well, it is actually a startup on mobile ad exchanges. The news about acquisition, which is estimated to be worth some MoPub, was made public on Monday.