Twitter May Go Public Before Thanksgiving
Reuters reports hearing from a source that Twitter is planning to go public before Thanksgiving this year and is looking to raise $1 billion in its public offering.
A separate report from The New York Post earlier this week also noted that the IPO could come as early as November, though changes in the market or issues with the Securities and Exchange Commission could push it back until early 2014.
While a November IPO may sound quick — after all, Twitter only revealed last week that it had filed to go public — there's a good chance Twitter actually filed paperwork weeks or even months ago but waited to disclose it. For comparison's sake, Facebook filed to go public in early February and did so just more than three months later.
Several analysts have suggested that Twitter is trying to avoid some of Facebook's IPO missteps by going through the SEC review process secretly and muting the hype as much as possible by waiting until the last minute to make its business numbers public. Expediting the public offering may also help avoid some of the frenzy leading up to Facebook's IPO.
Twitter will have to disclose its financial information at least 21 days before it goes public. If these reports are correct, that might end up happening in the next month.
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