The popular social media site, Twitter, has announced they may soon be going public. The company filed a “confidential” S-1 IPO (initial public offering) with the Securities and Exchange Commission. This means Twitter may soon launch into the stock market, and Twitter stock would be available to purchase by the public.
The use of the term “confidential” is due to a rule under the SEC created by the JOBS (Jumpstart our Business Startups) Act which allows companies who’s annual revenue is under $1 billion to file their IPO privately. The documents do not have to be made public until 3 weeks before they begin pitching to large investors of Wall Street.
Not surprisingly, Twitter chose to go public with the announcement with a simple tweet to their followers:
Twitter is currently estimated to be valued at $11 billion.
As one of PMBC Group’s favorite social media sites, we are very curious to see what changes this decision could potentially bring to the company, and will continue to follow this story for any updates.
Will you invest in Twitter stock if it becomes available?
PMBC group is a multi-level PR firm based in Los Angeles, specializing in Corporate PR and Tech PR. Visit us at http://www.pmbcgroup.com.
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