Twitter has taken a step ahead to contact several banks to countersign the IPO and finally make the company public. This social-media monster has taken into account the services of a few banks for the help of taking the company to a whole new level – making it public, i.e, enabling it for financially available to myriad investors. This would mean that the shares of the company would be put on course and initiate trading in the month of November, if everything goes well with the plan. We all know about the present US shutdown, and this is what is disrupting the overall idea, but we hope it doesn’t last for a long time.
Twitter bugged Goldman Sachs in order to precedent the IPO, along with JPMorgan, Bank of America and Morgan Stanley. There are some other names as well but they still kept under the wrap because there is some information that twitter still wants to be private.
Many large scale banks, including the names above, have offered some credit line to twitter. This line might be upto $1 Billion, as said by media sources including New York Post. This twitter’s IPO is certainly one of the most significant technologies today after the inconsistent market debut of facebook. Twitter today is certainly the most effective ways to share information to a larger audience, used by kids and presidents like.
Twitter has uncovered a few details about its business, the next stair on its track of being a publicly traded firm. Now that twitter has planned each and everything including Exchange Commission Public and filing to the Securities, listed below are a few things that you need to know about initial public offering of Twitter:
How much amount is the organization going to make?
The revenue of the twitter has shown very positive signs of improvement. Since 2011 to 2012 the revenue had seen a massive increase of 198%. This is indeed a very high rise. Within the first six months, the revenue had just doubled up. But in the first half of 2013, the company reported loss of few millions.
What is the active number of users on Twitter?
Twitter literally boasts about having 215 million active users, and around 100 million users tweet on daily basis. As per statistics, facebook has around 1.15 billion monthly lively users.
What is the growth of twitter on mobile?
Between the months of April and June in this year, around 75% of users were accessing twitter through their mobile devices. During the same scale of time, 65% of total revenue was generated through smartphones.
Twitter’s aim of $1 Billion!
Twitter has finally unfolded the secrecy of documents of its prearranged the initial public subscription of stock and it has high hopes of raising nearly $1 Billion in the year’s most anticipated stock market debuts. The documents that were taken out of the cover showed how much money this social-giant was making. Launched in 2006, Twitter has never been able to turn out the profit and has a continuous history of losses, but its revenue is witnessing a rise.
This IPO has been long awaited and this San Francisco based organization has been doing all it can in order to boost its revenues. But still it has a long way to go outshine the popularity of facebook. Twitter’s potential of money making is definitely grasping the attention of a lot of early investors and capitalists. Let’s wait for the final word and see what’s next!