The Twitter initial public offering - the most hotly anticipated stock sale since Facebook went public last year - will make early employees and investors in the company very rich. Evan Williams, one of the company's founders, owns 12 percent of the company, a stake valued at $1.2 billion in August, when the company last priced its employee stock options. Twitter's impending public offering seizes on the continued growth of social networking and mobile devices, two trends the company has ridden to enormous growth. Twitter has been steadily losing money, reporting a net loss of $79 million last year and $69 million for the first six months of 2013, although some analysts said such losses were not unreasonable for a young, fast-growing company.
Source: http://dealbook.nytimes.com/2013/10/03/twitter-discloses-its-i-p-o-plans/?partner=rss&emc=rss
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