Twitter Could Disclose IPO Papers This Week

Twitter Could Disclose IPO Papers This Week

The anticipation surrounding Twitter’s IPO is rising and there are plenty of rumors going around about when the company will actually go public. 
The company seems to be getting ready to make public its secret filing for the initial public offering as early as this week, the Wall Street Journalreports, quoting people familiar with the matter. 
Over the past several weeks, there were rumors indicating the company’s stock would be available in October or early November, ahead of Thanksgiving. 
If the files are made public, then things could happen according to the schedule. 
The IPO is one of the most anticipated events of recent years, ranking up next to Facebook. However, the offering will be far smaller than that of the social network, mostly because Twitter has a lot less revenue than Facebook. 
Twitter announced it had filed for a confidential IPO via its own platform. This means that its revenues over the past 12 months were under $1 billion (€740 million), which also allows the company to keep its financial situation a secret for a while longer.