Twitter may unveil IPO filing this week

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ANI Washington
Last Updated : Oct 01 2013 | 2:30 PM IST

Twitter may reportedly make public its initial public offering (IPO) filing this week and list its shares on the New York Stock Exchange.

The IPO filing of the San Francisco-based social media company is the most anticipated IPO since Facebook's (FB) in May 2012.

According to Fox News, Twitter had announced earlier this month that it had confidentially filed its IPO, although the public unveiling of its filing might be delayed by a number of factors, including changes to the prospectus, market conditions and the US government shutdown.

However, the report mentioned that Twitter had actually submitted their filing to the Securities and Exchange Commission (SEC) two months earlier and had announced the filing to remove the possibility of press leaks, adding that the company is also required to reveal any previous drafts of the filing that were submitted to the SEC.

The filing will also reveal how much revenue is being generated by Twitter and how much money is it making, thereby helping investors to evaluate the company's valuation, the report added.

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First Published: Oct 01 2013 | 2:21 PM IST

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