Twitter Files IPO, Issues S-1 Form, Looks To Raise $1 Billion
The initial IPO will release 472,613,753 shares of stock. Twitter’s historical net tangible deficit as of June 30, 2013 was $342.5 million, or $2.46 per share with a book value as of June 30, 2013 was $538.7 million, or $1.14 per share.
In 2012, Twitter said they had a net revenue of $316.9 million with a net loss of $79.4 million, which was a decreased by 38% compared to 2011. Their net revenue did increase by 198% year-over-year.
Twitter said they have created over 300 billion Tweets spanning nearly every country. Twitter also shared they have 215 million MAUs, and more than 100 million daily active users. Twitter said their users create approximately 500 million Tweets every day. Of those users 75% accessed Twitter from a mobile device and over 65% of their advertising revenue was generated from mobile devices.
Our S-1 will be filed publicly with the SEC momentarily. This Tweet does not constitute an offer of any securities for sale.
— Twitter (@twitter) October 3, 2013
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