[NEW UPDATE] How Twitter Plans to Raise US$1 Billion
Twitter is seeking to raise up to $1 billion at its initial public offering later this year, which is expected to value the company at north of $10 billion.
Twitter reveals $1 billion IPO plan, intends to list common stock under the symbol 'TWTR'
Twitter has made its plans to raise up to $1 billion in public offering open for the first time. The company’s filing for IPO went live at the SEC yesterday, revealing Twitter’s figures to potential buyers.
telegraph.co.ukAccording to the 164-page document, Twitter notched up revenues of $316m in 2012, slightly ahead of analysts’ expectations, which had put the figure at around $250m, but it made a loss of $80m.
in.comIn its IPO filing, Twitter revealed Thursday that it has more than 200 million monthly active users who tweet 500 million tweets per day.
630wpro.comTwitter tweets it'll go public, but will keep details private
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.comThe impending IPO of the microblogging phenomenon ignited a competition among Wall Street's biggest names for the prestige of managing its coming-out party.
in.comThe information filed with the Securities and Exchange Commission is sealed because Twitter is taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its last fiscal year to avoid submitting public IPO documents.
indianexpress.comThe secrecy will likely help Twitter minimize the public hoopla and intense scrutiny that surrounded the initial public offerings of other high-profile social networking companies, including Facebook Inc., which went public in May 2012.
in.comSome facts about Twitter you should know before investing:
Through a loaded list of investors and successful funding rounds, Twitter has raised $1.16 billion. Several Silicon Valley venture capitalists were among some the company's most early backers.
ibtimes.comJustin Bieber (@justinbieber) has the most followers with 44,418,729, as of 3am on Thursday, followed by Katy Perry (@katyperry) with 42,603,233 and Lady Gaga (@ladygaga) with 40,094,580.
livemint.comThe average Twitter user has 208 followers and spends 170 minutes on the site every month. There are more than 200 million active Twitter users. 80% of all users access Twitter on mobile devices.
livemint.comThough the companies revenue remains below $1 billion, the company has been valued at around $10.5 billion. This is a far cry from the $109 billion market value of Facebook, which raised $16 billion in it's IPO last year.
ibtimes.comIn January 2013, Twitter introduced Vine. Some 12 million Vine videos are uploaded every day. Twitter is based in San Francisco, with additional employees in New York, Chicago, Los Angeles and Washington. Its total payroll exceeds 900.
livemint.comHave something to say about this? Facebook or Tweet us! We'll feature it on SAYS
SAYS is Malaysia's social news network. Find today's must-share stories, news and videos everyday, produced and brought to you by Malaysian social media users.
facebook.comSAYS is Malaysia's social news network. Tweet us and let us know what's happening around you! We'll look into it.
twitter.com