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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Claremont Spartans win the inaugural Senior Girls’ AAAA Basketball Island Championship

Claremont Spartans win their Feb. 15 game agains the Royal Bay Ravens 71 - 64

Campus View Elementary undergoes $4.2 million in seismic upgrades

Campus View Elementary undergoes significant seismic upgrades

Sidney company tastes sweet success with sugar kelp

Cascadia Seaweed is experiencing rapid growth after launching six months ago

North Saanich floats tougher policies for buoys and moorings near Tsehum Harbour

Municipality also considers additional collaboration with Sidney and other communities

Westin Bear Mountain invests $2 million to renovate newly-named spa

‘Amatista Spa’ has yet to announce official opening date

VIDEO: Minister reports ‘modest progress’ after blockade talks with First Nation

Wet’suwet’en hereditary chiefs say Coastal GasLink does not have authority to go through their lands

Henrique scores 2 as Ducks soar past Canucks 5-1

Vancouver tumbles out of top spot in Pacific Division

Trudeau cancels Caribbean trip amid pipeline protests across Canada

Protests against Coastal GasLink have disrupted rail service

B.C. VIEWS: Inaction on pipeline protests not a viable response

Columnist Frank Bucholtz on how the Coastal GasLink pipeline dispute got so bad

PHOTOS: Top 10 memories of the 2010 Olympics

Black Press Media’s Jenna Hauck, shares some of her most memorable images of 2010 Winter Games

#FoxForFiver: Support grows in B.C. to put Terry Fox on new $5 bill

Terry Fox’ Marathon of Hope raised money for cancer research

Trudeau confers with cabinet ministers as rail blockades continue

The Trudeau government has been criticized for not doing more to end the blockades

Canadian nurses’ unions warn national standards for coronavirus protection too low

President says safety protocols nationwide are inadequate compared to those in Ontario and other countries

Most Read