Twitter's S-1 IPO Documentation Goes Public

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


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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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The Author

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.




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