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

MacArthur Fellow Terrance Hayes: Poems Are Music, Language Our Instrument

Hayes, a professor of writing at the University of Pittsburgh, was recognized for "reflecting on race, gender, and family in works that seamlessly encompass both the historical and the personal."
NPR

Diet Soda May Alter Our Gut Microbes And The Risk Of Diabetes

There's a new wrinkle to the old debate over diet soda: Artificial sweeteners may alter our microbiomes. And for some, this may raise blood sugar levels and set the stage for diabetes.
NPR

House Passes Bill That Authorizes Arming Syrian Rebels

Even though it was backed by both party leaders, the vote split politicians within their own ranks. The final tally on the narrow military measure was 273 to 156.
NPR

3.7 Million Comments Later, Here's Where Net Neutrality Stands

A proposal about how to maintain unfettered access to Internet content drew a bigger public response than any single issue in the Federal Communication Commission's history. What's next?

Leave a Comment

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