News.com among others is reporting that Twitter has filed for it’s IPO and it hopes to raise a billion dollars:
Twitter offered the public a first detailed look at its financials in a filing Thursday formally notifying the Securities and Exchange Commission that it plans to go public. The company is seeking to raise $1 billion, and an offering is expected within weeks.
And:
In the filing, known as the S-1, the company said that it seeks to raise $1 billion in new cash. Twitter brought in $254 million in revenue during the first half of 2013, $317 million in 2012, and $106 million the year before. It has never made a profit. The company said there will be 472.6 million shares of common stock outstanding after the IPO.
In the filing, Twitter said that 75 percent of its monthly active users accessed the site on mobile devices, and that 65 percent of its ad revenue comes from mobile devices. By contrast, when Facebook went public in May, 2012, it had just started monetizing mobile.
This IPO could be interesting as Facebook’s IPO was a complete gong show. We’ll see in a few weeks.
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This entry was posted on October 3, 2013 at 9:18 pm and is filed under Commentary with tags Twitter. You can follow any responses to this entry through the RSS 2.0 feed.
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Twitter Files For IPO
News.com among others is reporting that Twitter has filed for it’s IPO and it hopes to raise a billion dollars:
Twitter offered the public a first detailed look at its financials in a filing Thursday formally notifying the Securities and Exchange Commission that it plans to go public. The company is seeking to raise $1 billion, and an offering is expected within weeks.
And:
In the filing, known as the S-1, the company said that it seeks to raise $1 billion in new cash. Twitter brought in $254 million in revenue during the first half of 2013, $317 million in 2012, and $106 million the year before. It has never made a profit. The company said there will be 472.6 million shares of common stock outstanding after the IPO.
In the filing, Twitter said that 75 percent of its monthly active users accessed the site on mobile devices, and that 65 percent of its ad revenue comes from mobile devices. By contrast, when Facebook went public in May, 2012, it had just started monetizing mobile.
This IPO could be interesting as Facebook’s IPO was a complete gong show. We’ll see in a few weeks.
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This entry was posted on October 3, 2013 at 9:18 pm and is filed under Commentary with tags Twitter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.