The microblogging service Twitter is preparing for its IPO as the company reported in a separate tweet. There a confidential application for a new issue has been filed with the SEC, which only applies to companies with an annual turnover amounts to less than 1 billion U.S. dollars. So far, Twitter turnover is not needed but must publish this call just before the road show to investors. According to eMarketer, the turnover of the microblogging service is expected to amount this year to 583 million U.S. dollars. As the Wall Street Journal reported, Goldman Sachs have been selected as a partner for the new issue.
Twitter was founded in 2006 and counts over 200 million users worldwide. The market value is expected to amount to 9 billion euros while there are 100 billion euros in the social network Facebook. After a free registration for Twitter users can then publish posts with a length of 160 characters. Among users of the microblogging service enjoys an increasing popularity for some time and may at Twitter alongside texts and photos are posted.
