The filing signals the start of a roughly one-month period in which would-be investors will finally be able to have access Twitter’s TWTR 0.00% financial details before the social network finally goes public. In a filing with the Securities and Exchange Commission, Twitter said it plans to list under the ticker symbol “TWTR.”
No share count or proposed price range was given in the offering, beyond a maximum total of $1 billion. Twitter also did not list which exchange it plans to list its shares on. Goldman Sachs was listed as the lead underwriter for the offering. Morgan Stanley, which led the Facebook FB +0.91% IPO last year, was listed in the second slot for Twitter’s offering.
According to the SEC filing, Twitter had a revenue of $316.9 million in 2012, up nearly three-fold from $106.3 million in 2011. In the first six months of 2013, Twitter recorded revenue of $253.6 million, more than double the sales it posted in the year-earlier period.
But the company has been mostly in the red, reporting a net loss of $79.4 million in 2012, although that was smaller than the $128.3 million loss it reported in 2011. For the first six months of 2013, Twitter reported a loss of $69.3 million, up from $49.1 million the year-earlier period.
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