Twitter is moving forward with its long-awaited initial public offering, and it announced the news in a particularly fitting manner: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO,” it said in a tweet sent on Thursday. For more details, stay tuned. Normally that’s not quite the way it works in securities filings, but Twitter — for all its visibility, popularity and ubiquity — qualifies as an “emerging growth company” as defined by the Jump-Start Our Business Start-Ups, or JOBS, Act rushed into law last year.
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Investors All Atwitter Over IPO News
Posted by: Erika Morphy September 13, 2013 11:47 AMTwitter is moving forward with its long-awaited initial public offering, and it announced the news in a particularly fitting manner: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO,” it said in a tweet sent on Thursday. For more details, stay tuned. Normally that’s not quite the way it works in securities filings, but Twitter — for all its visibility, popularity and ubiquity — qualifies as an “emerging growth company” as defined by the Jump-Start Our Business Start-Ups, or JOBS, Act rushed into law last year.