Twitter Says It Intends To Go Public | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Twitter Says It Intends To Go Public

After much speculation, Twitter announced its intention to be traded as a public company, on Thursday.

Naturally, the 200-million-user microblogging service made the announcement through a tweet:

While pondering an announcement, USA Today reported that this initial public offering would be watched very carefully by other tech companies looking to take the plunge. The paper added:

"Consumer Internet public offerings took a hit after Facebook's star-crossed IPO in May 2012. (Facebook's stock has rallied, however, and is now trading at $44.07, renewing investor confidence in consumer-tech IPOs.)

"The IPO market, in general, is gaining steam. Pricings are up 38% from last year, and 131 have been filed this year, compared with 91 at the same time last year, according to Renaissance Capital — the best in several years."

Bloomberg reports that companies with "with less than $1 billion in annual revenue are able to submit IPO filings confidentially with U.S. regulators under the Jumpstart Our Business Startups, or JOBS, Act." This also means that we may learn little about the company, unless it goes public.

"Assuming Twitter does eventually decide to sell shares to the public, it will eventually have to disclose financial documents to the rest of world," All Things D reports. "In the meantime, the company and its bankers can communicate with the SEC in private."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Director: 'The Interview' Is A Case Of Accidental Irony

Sony's movie, The Interview, was meant to be just a silly comedy, but now it's a symbol of free speech. NPR's Linda Wertheimer talks to its screenwriter, Dan Sterling.
NPR

Nutmeg Spice Has A Secret Story That Isn't So Nice

Nutmeg is a feel-good holiday spice. But it once caused serious bloodshed and may have even been a reason the Dutch were willing to part with Manhattan in the 1600s.
NPR

Tennessee's Medicaid Deal Dodges A Partisan Fight

An agreement between the Tennessee Hospital Association and Republican Gov. Bill Haslam expands Medicaid without tax dollars, an agreement that could be a blueprint for other states.
NPR

Facebook Finds That Not All Users Want To Review Their Year

The social media giant's "Year in Review" app has upset some who prefer to forget 2014's unpleasant memories.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.