Twitter IPO getting closer?

|By:, SA News Editor

"There are no coincidences in banking," writes Josh Brown, noting Twitter has just posted a job opening for a financial reporting manager - the type of person responsible for putting together a S-1.

Brown notes CEO Dick Costello had no interest in going public last September when Facebook was printing in the teens, but with Facebook back near its IPO price, Costello's thinking differently today and Wall Street bankers are blowing up his phone line trying to get through.

If Facebook takes out its $38 IPO price, Twitter's current valuation of $10B is going to go a lot higher.