+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

TWITTER HAS FILED FOR ITS IPO

Sep 13, 2013, 02:35 IST

Getty Images, Kevork DjansezianTwitter has filed for an IPO, it announced on its own Twitter feed. This story is developing. Refresh this page or click here for updates.

Advertisement

Here's the tweet:

Twitter

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

In what appears to be a sracastic joke, Twitter immediately followed its announcement with this tweet:

Twitter

Advertisement

The IPO filing had been expected. Twitter has clearly grown into a huge business - it's expected to do more than $500 million revenues this year and has taken more than $1 billion in funds from investors - and the rumors and chatter swirling around the company had reached a sort of fever pitch.

We noted earlier today that Wall Street and other observers all seemed to be behaving as if an IPO was expected.

The most recent tantalizing clue was the fact that Twitter CEO Dick Costolo declined to answer questions yesterday after giving a speech on leadership at Techcrunch Disrupt.

Next Article