Twitter Inc. is getting ready to make public “its secret filing for an initial public offering” this week. Essentially, this mean the social media and micro blogging company will begin trading stock by later October possibly early November should the timeline work out. “Twitter's IPO is one of the most anticipated of recent years but is expected to be far smaller than Facebook Inc.'s FB -0.84% $16 billion offering last year, in part because Twitter has less than $1 billion in revenue. Facebook had $3.7 billion in sales in 2011, the year before its IPO.” Twitter is estimated to be valued at $10 to $15 billion. “Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly anticipated initial public offering.” Investors interested in getting a piece of Twitter will need to check with their brokerages over the coming months to see how many shares, if any, will be available to them.
October 1, 2013