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Monday, Sep 30
Twitter to make IPO filing public this week - report
- Twitter reportedly intends to make its S-1 IPO filing public this week, with the goal being to start trading by Thanksgiving.
- However, one concern is that the deadlock in Washington, which could lead to a government shutdown and/or a debt default, could roil markets and hurt the prospects for IPOs.
- Twitter submitted the S-1 in July but only said earlier this month that it had done so.
- The micro-blogging Web site is expected to price the listing at $28-30 a share, which would give it a market cap of $15-16B. The speculation is that it will trade on the NYSE.