Printed from http://www.electronista.com

Twitter files for 'secret' initial public offering with SEC

updated 05:32 pm EDT, Thu September 12, 2013

Revenue less than $1 billion, allowing for unconventional filing

Earlier today, Twitter announced (in a tweet) that it has filed with the US Securities and Exchange Commission (SEC) to go public. Companies with less than $1 billion in revenue per year can file for a "secret" initial public offering, which prevents public release of documentation associated with the filing, such as assets, and revenue estimates.

Little information is actually known about the filing. The "secret" status obviously makes the company's earnings less than $1 billion annually, but a timetable, number of shares, and other pertinent facts are likely to not be made public by the company during the IPO process.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News