Twitter announced it was filing for an Initial Public Offering in September.

Twitter announced it was filing for an Initial Public Offering in September.

Twitter hopes to raise $1 billion USD, unveils IPO documents

The micro-blogging uber platform said it hit $317 in revenue in 2012, and intends to user the stock ticker 'TWTR'.

Social media micro-blogging behemoth Twitter says it aims to raise $1 billion (USD) as the company plans to go public with an Initial Public Offering, which it filed in September.

In files disclosed on Thursday, Twitter said its revenue for 2012 hit $317 million. The company also said it has 215 million active users. That’s compared to Facebook’s 1.2 billion and LinkedIn’s 240 million. The three companies are often mentioned in the same breath, as they are the leaders in the social media/online platform world (along with Google-owned YouTube), although all three companies offer different services.

According the The Toronto Star (link above), Twitter’s market value has been estimated at $10 billion. Shares could begin trading by November.

Twitter filed for its IPO on September 12, 2013, with underwriters Goldman Sachs, Morgan Stanley, JP Morgan, BofA Merrill Lynch, Deutsche Bank Securities and CODE Advisors.

The company has not yet said which stock market it will be listed on, but said it intends to use “TWTR” as its ticker.

Just Posted

An apartment building and townhouse project has been proposed at 2236 McCallum Rd. in Abbotsford. The development was given third reading by city council on June 14. (City of Abbotsford)
Apartment-and-townhouse project planned on McCallum Road in Abbotsford

Development across from old hospital site consists of 174 suites and 10 townhouses

Adam Hobbs went missing from a Langley work site on Monday, June 14 and may have gone to Vancouver. (Special to the Langley Advance Times)
Family, RCMP seek Abbotsford man missing from Langley job site

Adam Hobbs lives in Abbotsford and is a minor hockey referee

Police were on scene Monday afternoon (June 14) in the area of George Ferguson Way and Ware Street. (John Morrow/Abbotsford News)
Police called out after reports of possible home invasion in Abbotsford

Incident on Monday afternoon at George Ferugson Way and Ware Street

Migrating sockeye in the Fraser River August 7, 2007. (Fisheries and Oceans Canada)
First Nations, commercial, and recreational harvesters join forces to save Fraser River fish

‘We have to work together to rebuild these stocks while there is still time,’ says delegate

The Vancouver Canucks have polled season ticket holders on team name options for the new Abbotsford AHL team.
Vancouver Canucks poll season tickets holders on Abbotsford AHL team name

List asks fans to rank three out of 10 options, also if Abbotsford or Fraser Valley should be used

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. THE CANADIAN PRESS/Geoff Howe
10 years ago: Where were you during the 2011 Vancouver Stanley Cup Riots?

Smashed-in storefronts, looting, garbage can fires and overturned cars some of the damage remembered today

(Black Press Media file)
Dirty money: Canadian currency the most germ-filled in the world, survey suggests

Canadian plastic currency was found to contain 209 bacterial cultures

(pixabay file shot)
B.C. ombudsperson labels youth confinement in jail ‘unsafe,’ calls for changes

Review states a maximum of 22 hours for youth, aged 12 from to 17, to be placed in solitary

Eleonore Alamillo-Laberge, 6, reads a book in Ottawa on Monday, June 12, 2017. THE CANADIAN PRESS/Sean Kilpatrick
Parents will need to fight ‘COVID learning slump’ over summer: B.C. literacy experts

Parents who play an active role in educating their children this summer can reverse the slump by nearly 80%, says Janet Mort

The border crossing on Highway 11 in Abbotsford heading south (file)
Western premiers call for clarity, timelines on international travel, reopening rules

Trudeau has called Thursday meeting, premiers say they expect to leave that meeting with a plan

The B.C. government’s vaccine booking website is busy processing second-dose appointments, with more than 76 per cent of adults having received a first dose. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 infections, hospitalizations stable for Tuesday

108 new confirmed cases, 139 in hospital, 39 in intensive care

A worker, at left, tends to a customer at a cosmetics shop amid the COVID-19 pandemic Thursday, May 20, 2021, in Los Angeles. (AP Photo/Marcio Jose Sanchez)
Half of cosmetics sold in Canada, U.S. contain toxic chemicals: study

Researchers found that 56% of foundations and eye products contain high levels of fluorine

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Most Read