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Twitter's S-1 IPO documentation goes public

Oct 4 2013, 12:58am CDT | by , in News | Technology News

Twitter's S-1 IPO documentation goes public

Less than a month after announcing plans of going for an IPO, Twiter has finally submitted and released its S-1 IPO documentation earlier this afternoon. "Our S-1 will be filed publicly with the SEC momentarily. This Tweet does not constitute an offer of any securities for sale," the popular micro-blogging social network said in a tweet.

Interestingly, Twitter's IPO filing today reveals that it is seeking to raise $1 billion. The document also shows that the social network has roughly 215 million active users per month, with am estimated revenue of $253.6 million. Experts say that Twitter played the whole IPO thing perfectly, conservative to say at least, hinting a resemblance to LinkedIn's IPO strategy in 2011. 

Source: SEC

 

 

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