Thursday, October 3, 2013

Twitter hopes to raise $1BN as it unseals documents for upcoming IPO

Twitter has announced that they have officially started the process of taking their company public in the most fitting way: by tweeting about it. The seven-year-old company will reportedly be registering at a value of $1billion and they asked to have the stock code TWTR. Jack Dorsey founded Twitter in 2006 when he was 29 years old. Twitter co-founder Jack Dorsey attended the Allen & Company Sun Valley tech conference in July with girlfriend Kate Greer. Under the law, Twitter's financial statements and other sensitive information contained in the IPO filing must become publicly available at least 21 days before company's executives begin traveling around the country to meet with potential investors - a process known as a 'road show'.

Source: http://www.dailymail.co.uk/news/article-2443076/Twitter-hopes-raise-1BN-unseals-documents-upcoming-IPO.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

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