tech

[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.

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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.uk

According 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.com

In its IPO filing, Twitter revealed Thursday that it has more than 200 million monthly active users who tweet 500 million tweets per day.

630wpro.com

Twitter tweets it'll go public, but will keep details private

A tweet from Twitter announcing its initial public offering is shown in this photo illustration

Image via indianexpress.com

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.com

The 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.com

The 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.com

The 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.com

Some 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.com

Justin 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.com

The 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.com

Though 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.com

In 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.com

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