Posts

Twitter LogoIt may not come as a surprise to those who have been watching closely, but this week Twitter put the rumors to rest by officially filing for their IPO. Twitter was naturally assumed to be the next major online technology company to file for an IPO after Facebook went public.

Twitter announced their submission of an S-1 to the SEC exactly how you would expect; they tweeted the news yesterday. The announcement read: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.”

One of the most interesting factors of the filing is that Twitter filed a “secret” IPO, and the terms will be kept secret under new regulations from the JOBS Act, which allow small businesses to keep their financial information from the public.

According to The Verge, Twitter is the first well-known web company to file for a “secret” IPO, but it also confirms that Twitter has less than $1 billion in revenue. They will eventually have to release their financial information, but not until “the road show part of their public offering,” as Search Engine Watch explains.