Twitter Tweets Intent to File For IPO
After much speculation from the technology and media community (over many years), Twitter has acknowledged that they are filing for their Initial Public Offering (IPO) with the Securities and Exchange Commission (SEC).
Facebook is now valued at over $100 Billion USD thanks to strong financial performance over the past year. It will be interesting to see the value of Twitter.
Many have commented it could range anywhere from $15-$25 billion USD. I have a feeling it may be around the $15 Billion USD mark. As of today, LinkedIn is valued at around $28 Billion USD in market capitalisation.
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.
— Twitter (@twitter) September 12, 2013
Once Twitter does become a public company and has to reveal more financial details, it will be interesting to see how their revenue compares to other publicly traded social networks like Facebook and LinkedIn.
This news from Twitter does come as a surprise as many thought that Twitter wouldn’t file for IPO so soon.
In 2013, Twitter’s revenue is expected to be around the $600 million USD mark.