Twitter Files For IPO
One Of Radio's Favorite Social Platforms
September 12, 2013 at 2:39 PM (PT)
The owners of TWITTER went on, ironically enough, TWITTER to announce that if has "confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale," CNBC reports. The move, long expected, has the potential to be the biggest IPO of the year, as the company has been valued at around $10 billion.
CNET notes that The "confidentially submitted" filing likely refers to just-passed law, the Jumpstart Our Business Startups Act, or JOBS Act, which allows some companies planning to go public to keep some of its information confidential, until the deal gets closer to pricing.
Radio and many of its personalities use TWITTER non-stop to communicate with fans and to stay on top of what's really going on in the world.