Twitter filed paperwork today to begin the process
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Twitter filed paperwork today to begin the process of their long-awaited IPO, but we may not actually see the public offering until early next year.
The paperwork–which is underwritten by Goldman Sachs–was filed under the JOBS act, which means Twitter can keep things confidential as long as they have under $1 billion in revenue per year; sources close to the situation say we could see the offering as soon as December or January, however.
The micro-blogging network just became profitable last December with about $100 million in the final quarter, but experts say the company is on its way to making around $650 million. The announcement comes at around the time one analyst predicted in January of this year; Sam Hamadeh of PrivCo–a New York-based research firm–said that he expected Twitter to announce the IPO before the end of this year.
http://www.webpronews.com/twitter-files-for-i...et-2013-09
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