Twitter files for
Thanksgiving IPO
Summary of the story:
Twitter is thought to be planning to reveal the details
of its initial public offering this week, after it filed the necessary
documents confidentially with the Securities and Exchange Commission on 12
September. The act was designed to make it quicker and easier for
companies to go public, removing obstacles such as as the requirement to
submit a public prospectus months before shares actually go on sale.
key facts and information:
key facts and information:
- The company was able to file its draft S-1 form in secret since it has revenue of under $1bn.
- The company filed its draft prospectus in public over three months before it eventually hit the markets in May 2012,
- Its value drop dramatically from $45 per share on the first day of trading
My view on the story: In my opinion, I think this shows people how fast New and digital media is actually controlling the internet. The fact that they are concerned about Facebook and its value tops everything up. The statistic ' Summer shift to mobile saw its value drop dramatically from $45 per share on the first day of trading' adding to this, it also took until august 2013 for its value to return to that.
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