Twitter has just taken its first steps of going public. Early this morning, the company filed an S-1 to the US Securities and Exchanges Commission (SEC) ahead of a planned public listing . The company revealed the news via a tweet, while also making sure that the filing does not “constitute an offer for any securities for sale”. It is, however, a significant indication of the investor confidence in the company.
While Twitter has so far refused to reveal any figures, TechCrunch estimates that if the company does eventually go public, it will be valued at around $15-20 billion. That’s nowhere near the $104 billion market capitalization that Facebook’s IPO managed, which remains one of the biggest in the technology industry.
Regardless, Twitter’s IPO, if it eventually happens, is set to be a big one. Expect to hear more from the American company over the coming months.
(Source: TechCrunch)
Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news.
