It won’t take a full 140 characters to sum up what’s going on: Twitter is reportedly going to have its IPO (initial public offering) on November 15, 2013, according to PrivCo. Only 112 characters, not bad. Twitter executives would approve.
Since this is not Twitter, but a blog, more information shall be given. Over the past few months there has been a lot of speculation that Twitter is going to have its IPO soon, but the exact date of this event was unknown.
Twitter seems to have had a slip-up on its S-1 document (a form containing its business and financial information), inadvertently revealing that it would be releasing company shares to the public on Wall Street on November 15.
The document states that company employees can begin to sell their shares on February 15, 2014 after the lock-up period of 90 days has ended.
The IPO date wasn’t blatantly written out for all to see, but doing the math wasn’t too difficult of a task for those who cared even in the slightest. With over 215 million active monthly users, Twitter is a large company with a huge global reach.
Unfortunately, the social media site has yet to turn its large network into a profitable network, but it doesn’t show signs of slowing down any time soon. More info sure to come once Twitter’s stock hits the market.
Will you be buying Twitter stock once it has its IPO? How can the company gain a profit from its giant global network? Let me know in the comments below!