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Twitter on Thursday announced that it has filed documents with the Securities and Exchange Commission for an Initial Public Offering, or IPO. We ve confidentially submitted an S-1 to the SEC for a planned IPO, Twitter said in a post on its popular social networking site. This Tweet does not constitute an offer of any securities for sale. Twitter is able to file its S-1 confidentially because its annual revenue is less than $1 billion, and the document will remain confidential until three weeks prior to the offering as a result. Also Read - Twitter friends/followers seeking your unwanted attention could be Unmentioned
According Bloomberg, Goldman Sachs will be the lead underwriter on Twitter s IPO.
At last count, Twitter had approximately 200 million monthly active users. Twitter will become the latest social networking giant to take its company public; Facebook last year went public with the biggest Internet IPO in history, raising $105 billion.