Twitter's IPO Could Come in November

Twitter's IPO Could Come in November

Ever since Twitter announced it had filed for an Initial Public Offering, everyone’s been wondering when the big date will be.
The most recent rumors indicate Twitter could go public in November, ahead of the holiday season which is known to be slow for stock markets, the New York Post reports, citing “sources familiar with the game plan.”

Twitter has filed for a confidential public offering, something that has only been allowed recently for companies that have annual revenue of less than $1 billion (approximately € 748.7 million).

The difference between a secret IPO and a regular one is that the company is allowed to keep its financial situation secret up until three weeks before the roadshow begins, when bankers market the offering to potential investors.

The Security and Exchange Commission is still reviewing the documents filed by Twitter.