Twitter, Inc. confirmed weeks of speculation about an IPO on Thursday by announcing--in a tweet, of course--that it had filed documents with the SEC for an initial public offering of stock.
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 company then posted a follow-up tweet:
Now, back to work. pic.twitter.com/e4lK8e7pY9— Twitter (@twitter) September 12, 2013
It is still unknown what the exact public valuation of Twitter will be, but CNBC reports that Twitter has previously been valued at around $10 billion. The company's revenue has steadily been increasing over the last year, and eMarketer reported earlier this year that Twitter is expected to generate $500 million in advertising revenue this year and $1 billion by 2014.
Tech investors may be cautious about Twitter after their experience with Facebook--or they may be more bullish, depending on how they view the Facebook experience. Facebook filed for IPO in May 2012, and was valued at $100 billion. While the company's share prices plummeted initially, Facebook has fully recovered this year--stock is up 68% in 2013, and is currently trading at over $45 a share.
Will you be buying shares of Twitter stock?