Twitter Files IPO, Issues S-1 Form, Looks To Raise $1 Billion

Twitter BirdTwitter has filed their S-1 form with the SEC just now, filing for an IPO worth $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.

 

Related Topics: Channel: Industry | Top News | Twitter: Business Issues

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About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

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