Twitter has filed for an initial public offering (IPO) with the United States (US) Securities and Exchange Commission (SEC), while emphasising no securities are yet for sale.
HumanIPO reported recently on speculation Twitter may be readying for an IPO in 2014, with reports suggesting documentation may be submitted to the SEC towards the end of 2013.
Twitter today announced in a Tweet it has already submitted its registration to the SEC in the form of a confidential submission – the US recently having allowed companies with revenues under US$1 billion to submit the necessary documentation in private until shares are opened for sale.
The micro-blogging site qualified its announcement by highlighting that no shares are yet for sale.
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
Reports suggest Goldman Sachs will be the lead underwriter in the Twitter IPO.
The company is keeping quiet about the IPO, tweeting that work is back to normal following the announcement.
Now, back to work. pic.twitter.com/e4lK8e7pY9
— Twitter (@twitter) September 12, 2013
Twitter’s rival social networking site Facebook which held its IPO a year ago, though the offering ended up mired in controversy.
