Twitter (TWTR) Files for IPO, looking to raise 1 Billion in initial offering

Twitter has finally filed for IPO (Initial Public Offering) on late 3rd October in Securities and Exchange Commission, California, US. Twitter is initially looking to raise $1 Billion USD in this initial offering and the stock symbol/ticker is expected to be TWTR.

As commonly found with companies filing for IPO Twitter too didn’t select an exchange in the filing, keeping the fight alive for both NYSE and NASDAQ.

In internet industry it is the most anticipated public offering after Facebook went public in May 2012. In IPO filing procedure, Twitter revealed its revenue in Form S-1 filed by Twitter, that for year 2012 Twitter made revenue of $316.9 million USD and in the first half of year 2013 earned $253.6 million USD.

Twitter will be offering 472,613,753 shares of stock in this initial release and in IPO filling form Twitter writes, "We believe that advertising revenue per timeline view is a measure of our ability to monetize our platform. In the three months ended June 30, 2013, our advertising revenue per timeline view was $0.80, which represents a 26% increase from the three months ended June 30, 2012."

Notably, since 2006 the year when Twitter was started, it isn't making money as it has undergone accumulated deficit of $418.6 million from 2006 to June 30, 2013.In percentage terms, revenue rose 1,021% between 2010 and the end of 2012. Expenses rose 311.5%.

Twitter has lost $67.3 million in 2010 and $79.4 million in 2012. So far in 2013 it has lost $69.3 million, which is worse than the start of last year.

All the while, Twitter is expecting a good start as soon it goes public. Twitter says that it currently has 218.3 million monthly active users and over 300 billion tweets tweeted by its user base.

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