TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Twitter unseals IPO documents, hopes to raise $1B

By The Associated Press
Friday, Oct. 4, 2013, 12:01 a.m.
 

Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion.

The company also disclosed that it generated $317 million in revenue in 2012 and that it had more than 218 million active users as of the end of June, up 44 percent from a year earlier. That compares with Facebook's nearly 1.2 billion and LinkedIn's 240 million.

The company disclosed last month that it had filed confidential IPO papers to start the process of going public. On Thursday, San Francisco-based Twitter Inc. unsealed the papers with the Securities and Exchange Commission.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Shareholders cheer eBay’s decision to spin off PayPal
  2. LNG exports get federal approval from Dominion’s Cove Point terminal
  3. Western Pa. unemployment rate holds steady in August
  4. Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
  5. With acquisition, PNC set to enter IPO market
  6. Airmall thriving despite fewer flyers at Pittsburgh International Airport
  7. NHTSA probes sudden acceleration complaints in Toyota Corollas
  8. Study: Wellness programs don't save money, but employee health improves
  9. Another card system hack at Supervalu, Albertsons
  10. Allegheny Health Network expands women’s services in competition with UPMC
  11. MarkWest fined $150,000 for gas flaring at Washington County plant
Subscribe today! Click here for our subscription offers.