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

No Longer Omar: Actor Michael K. Williams On Lucky Breaks And Letting Go

Over the course of his career, Williams says he's learned to separate himself from his characters (like The Wire's Omar). In HBO's The Night Of, he plays a powerful prison inmate named Freddy.
NPR

#FoodPorn, Circa 1600s: Then And Now, It Was More About Status Than Appetite

A new study of old masters finds that capturing and showing off decadent and expensive meals is a decidedly old-fashioned practice. Like today's Instagrammers, it was all about projecting an image.
NPR

From Reluctant Political Spouse To Pop Culture Icon: Michelle Obama

In eight years, Michelle Obama has gone from obscurity to becoming one of the country's most popular Democrats. The first lady has earned high approval ratings and praise for her authenticity.
NPR

Verizon Buys Yahoo's Core Assets

Verizon is buying Yahoo's Internet business for $4.83 billion. It's not a carefully designed deal, but a quick sale of the troubled Internet pioneer to the highest bidder.

Leave a Comment

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