A while ago, Facebook decided to go public amid a lot of fanfare and now, Twitter is following in these footsteps. The micro-blogging site has now announced that it has filed for IPO.
The company made the big announcement on Thursday. According to an official tweet, ““We’ve confidentially submitted an S-1 to the SEC for a planned IPO.” However, at the same time, we were told that “This Tweet does not constitute an offer of any securities for sale.”
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.
— Twitter (@Twitter) September 12, 2013
As was in the case of Facebook, the debate pertaining to Twitter will now dwell on whether or not the company is making a smart move. Such concerns aren’t invalid, given that Facebook’s market value plummeted immediately after it went public and it took the company a while to re-bounce.
Twitter currently has a user base of 200 million monthly active users and it is expected to continue its growth. This may, in fact, be one of the best times for the company to go public and grow its market value. Facebook debuted its IPO raising $105 billion, and we expect a good enough performance from Twitter should its IPO filing goes smoothly.