Appropriately enough, the notification for the twitter IPO, comes in the form of a tweet:
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.
— Twitter (@twitter) September 12, 2013 [6]
And in the day following the Verizon mega bond deal, let the comparisons to the Blackstone 2007 market top IPO commence.
No IPO prospectus has hit Edgar and since it was filed under the JOBS act, it likely won't for some time.
Under the JOBs Act, Twitter will not need to disclose its financials publicly until 21 days before the IPO date - and given the rules for this 'confidential' IPO, we know Twitter's revenues are les than $1 billion - but that is hardly a surprise...
Market chatter of GSVC's holdings of Twitter are driving it up 18% after-hours - though as is clear - its been a wild ride...
