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Twitter takes first steps towards flotation

Twitter has announced it's planning to float on the stock market. The company, estimated to be worth...
TodayFM
TodayFM

9:29 AM - 13 Sep 2013



Twitter takes first steps towa...

News

Twitter takes first steps towards flotation

TodayFM
TodayFM

9:29 AM - 13 Sep 2013



Twitter has announced it's planning to float on the stock market.

The company, estimated to be worth around 7 billion EURO tweeted the news.

Its the most hotly anticipated stock offering in the tech sector since Facebook last year.

The company tweeted "We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale," 

Moments later, in typically breezy style, the company tweeted a picture of its staffers, and said: "Now, back to work."

Twitter has become one of the fastest-growing and most influential social media services, used widely by celebrities, journalists, politicians and others.

The company said earlier this year it had "well over 200 million" active users, although some analysts place figure much higher.

The San Francisco company provided no details on the IPO dates or pricing.

Casey Newton from technology website The Verge says Twitter must learn from previous mistakes:



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