Menu

Daily News for the Geek Mind

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

 

 

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Now Watch

Read the Latest from I4U News

Android Pay announced at Google I/O

Android Pay announced at Google I/O

9 hours ago, 1:49pm CDT

Google Photos Launched

Google Photos Launched

10 hours ago, 1:37pm CDT

Comments

blog comments powered by Disqus