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Thursday, Sep 12
Twitter confidentially files for IPO under JOBS Act
- Twitter discloses through its own service it has "confidentially submitted an S-1 to the SEC for a planned IPO."
- The microblogging leader, forecast by eMarketer to pull in 2013 revenue of $580M, has been valued at ~$10B on private markets.
- Sky News reports Twitter will list on the NYSE (NYX) rather than the Nasdaq (NDAQ); Facebook chose the latter. Bloomberg reports Goldman (GS) will act as the lead underwriter.
- GSV Capital (GSVC), which estimated its Twitter stake was worth $37.6M at the end of Q2, is up 8.7% AH.