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Twitter Going Public, Files for IPO

But financial details will be under wraps for a while
By John Johnson,  Newser Staff
Posted Sep 12, 2013 4:43 PM CDT
Twitter Going Public, Files for IPO
File photo of a Twitter spokesman, and the company logo.   (AP Photo/Itsuo Inouye)

(Newser) – Twitter is indeed going public, which it announced today via tweet, of course. "We've confidentially submitted an S-1 to the SEC for a planned IPO," it reads in part. The Wall Street Journal pegs the value of the company at about $10 billion, but those looking for more of the financial nitty gritty are out of luck for now. Twitter is taking advantage of a new law—the JOBS Act, or Jumpstart Our Business Startups Act—that allows firms to keep information under wraps until the initial public offering gets closer, explains MarketWatch. Investors can expect that in early December, one analyst tells USA Today. (Read more Twitter stories.)

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