Twitter unseals IPO documents, hopes to raise $1B
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Shareholders cheer eBay’s decision to spin off PayPal
- LNG exports get federal approval from Dominion’s Cove Point terminal
- Western Pa. unemployment rate holds steady in August
- Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
- With acquisition, PNC set to enter IPO market
- Airmall thriving despite fewer flyers at Pittsburgh International Airport
- NHTSA probes sudden acceleration complaints in Toyota Corollas
- Study: Wellness programs don't save money, but employee health improves
- Another card system hack at Supervalu, Albertsons
- Allegheny Health Network expands women’s services in competition with UPMC
- MarkWest fined $150,000 for gas flaring at Washington County plant