Twitter Confidentially Submits Plans for I.P.O.
Twitter filed the initial paperwork on Thursday for its long-awaited initial public offering of stock.
Unlike with typical I.P.O.’s, however, potential investors and the public will not yet get a look at the company’s finances.
The microblogging service, which has about 200 million users worldwide, filed its preliminary prospectus, known as an S-1, with securities regulators using a provision of the Jumpstart Our Business Startups, or JOBS Act, that allows the company to keep its initial filings confidential if it has less than $1 billion in annual revenue.
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http://dealbook.nytimes.com/2013/09/12/twitter-confidentially-submits-plans-for-i-p-o/?emc=edit_na_20130912
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