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Twitter files for IPO

Twitter has confirmed plans to float on the stockmarket, in what will be one of the most anticipated tech IPOs since Facebook went public last year. 

Announcing the move in a tweet last night, Twitter said “we’ve confidentially submitted an S-1 to the SEC for a planned IPO,” before adding: “Now, back to work.”

The microblogging network, which has recently made strides in the TV analytics space with the acquisition of firms like Trendrr and Bluefin Labs and through partnerships with firms including Nielsen, claims to have some 200 million users.

According to Forbes, secondary sales of Twitter stock have valued the firm at “upwards of about US$10 billion”.

Tags: IPO, Twitter