Report: Twitter IPO due in 2013, public S-1 coming in weeks

"A source close to the company" tells CNNMoney's Dan Primack Twitter will provide a public S-1 "within the next several weeks," and that the company expects to launch an IPO road show 21 days after the S-1 is filed. If true, that sets the stage for an IPO to happen this year rather than next.

Primack: "Twitter didn't say that it filed confidentially today ... My understanding is that the original filing was submitted a  while ago, and that most of the SEC review is completed."

GSV Capital (GSVC) finished AH trading up 16.8% in response to news of Twitter's confidential filing, and a report it's now being privately valued at ~$14B. The Firsthand Technology Value Fund (SVVC), whose Twitter stake was valued at $23M (10.4% of the fund's gross assets) as of Aug. 31, closed up 8.8%.

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Comments (1)
  • financeminister
    , contributor
    Comments (1230) | Send Message
    It will be interesting to see how much Twitter (TWIT?) will price their share and whether there will be a stampede like FB IPO.
    13 Sep 2013, 12:12 PM Reply Like
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