Twitter to IPO

It’s official. The micro-blogging site will go public:

Twitter said in a tweet tonight that it has confidentially submitted a document to the SEC with plans for an initial public offering of stock.

Goldman Sachs (GS) is the lead underwriter, sources told CNBC. Other underwriters are expected to be named when the S-1 filing is made public.

Shares of social media companies like Facebook (FB) and LinkedIn (LNKD) ticked slightly higher in after-hours trading after Twitter disclosed it had filed.

The company did not reveal any additional details, including any information on timing, other than to confirm the tweet is authentic.

Twitter has been valued at around $10 billion. It’s IPO has been long-awaited on Wall Street.

Posted by on September 12th, 2013 at 6:16 pm


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