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Twitter Files For IPO

|Includes:BLK, Facebook (FB), GS

Originally published at www.seclive.com

Twitter Inc. announced via tweet that it has submitted an S-1 registration statement with the SEC for an initial public offering. No other details are available as the registration paperwork was filed under a new law that permits small companies to file confidentially, which conceals information regarding profitability, growth, and other details. Goldman Sachs (NYSE:GS) has already been identified as the lead underwriter to the offering, with other banks expected to join soon in what is to become one of the highest-profile IPOs since Facebook (NASDAQ:FB) in 2012. Some analysts are a little surprised at the announcement, with many expecting an IPO announcement in the first quarter of 2014 at the earliest. Twitter is already estimated to be valued at over $9B, based on private stock sales by employees to BlackRock Inc. (NYSE:BLK) earlier in the year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: FB, BLK, GS