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

Barry Schwartz on October 3, 2013 at 5:26 pm

Twitter 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.

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

About The Author

Barry Schwartz

Barry Schwartz 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 can be followed on social media at @rustybrick, +BarrySchwartz and Facebook. For more background information on Barry, see his full bio and disclosures, click over here.