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HindustanTimes Mon,01 Sep 2014

Twitter’s IPO filing will be made public this week

Reuters  New York, October 01, 2013
First Published: 00:44 IST(1/10/2013) | Last Updated: 00:48 IST(1/10/2013)

Twitter Inc plans to make its initial public offering (IPO) filing public this week, news website Quartz reported onSunday, citing a person familiar with the social media network’s plan.

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Twitter, which is expected to be valued at up to $15 billion, filed with US regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies.

Quartz said that Twitter’s IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the US government.

Representatives for Twitter did not immediately respond to arequest seeking comment on the Quartz report.

Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly anticipated initial public offering, a person familiar with the matter said last week.

Another person familiar with the matter said earlier this month that Twitter aimed for its shares to trade in the stock market before the US holiday of

Thanksgiving on November 28. Twitter is an online social networking and microblogging service that enables users to send and read “tweets”, which are text messages limited to 140 characters.


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