Twitter becomes the first internet company to file a secret IPO, which denotes that the company is generating revenue less than $1 Billion per year. The announcement was made via a tweet from the official account.
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.
— Twitter (@twitter) September 12, 2013
The Initial Public Offering that Twitter is going with is definitely going to help them build products and also pump in some really good talents into the company. Twitter is currently been valued at $10 billion, but the company has failed to make any good revenue model ever since it launched and got famous.
Twitter has got a huge userbase in the US, with over 60% of the marketers in the US using Twitter. The company also has a good user base in the mobile space, and with some really good and interesting strategy to push advertisements to the users would earn them so much.
Since the company has filed a secret IPO, they are expected to reveal the details of their IPO no less than three weeks before they actually go public. While we are still not sure about the exact date about the company going public, we are expecting the company to make this huge move next quarter.
Twitter has also acquired the company called MoPub, which deals the publishers to take control of their digital marketing strategies.
This is not new to the internet based companies. Recently Facebook went public and has literally been struggling at the Wall Street. But we will have to wait and see what Twitter is going to do after going public.
On the other hand: Dell’s board has accepted to take the company private. Dell will no more be a public company.