Microblogging Service Twitter Filed for an IPO
The largest micro-blogging service Twitter has made an application for an Initial Public Offering. Previously, Dick Costolo – CEO of the service, said that the IPO for Twitter is inevitable. At this time they are termed primary for Publication Shares only.
According to media and internet resources, the microblogging service Twitter maintenance documentation has filed for the IPO (Initial Public Offering). This was also explained by the company Friday in the Microblog.
According to this, the company is completely confidential, gave the Securities and Exchange Commission a registration statement for a public offering. It should be kept in mind that id does not contain any proposals on the sale of securities.
According to the general director of Twitter, the company needs IPO because it threatens to clash with the “Rule 500”. Under U.S. law, the company, which employs more than 499 the number of shareholders is obliged to conduct a public offering of shares or other method to account for its financial performance. It does not matter whether it is a social network or a company that sells blinds on the windows, the price of which does not matter.