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.

Just Posted

White Rock RCMP seeking information about Aug. 16 assault

Man in 60s was injured around same time Paul Prestbakmo was stabbed to death

New recovery house rules, increased funding aim to prevent overdose tragedy

Changes ‘speak to issues’ highlighted by death of South Surrey’s Zachary Plett

Police hope to speak with witnesses from fatal 2017 stabbing in Surrey

Wally Rogers was stabbed outside his home near 88th Avenue and 144th Street on July 8, 2017

Surrey RCMP say municipal force approval a ‘challenging time’ for detachment

Province green lit the plan, joint committee for transition to be established

Police watchdog seeking witnesses in officer-involved Surrey shooting

This is the fourth incident within a one-week period that IIO is investigating

B.C. sockeye returns drop as official calls 2019 ‘extremely challenging’

Federal government says officials are seeing the same thing off Alaska and Washington state

Expanded support to help B.C. youth from care attend university still falling short

Inadequate support, limited awareness and eligibility restrictions some of the existing challenges

Ethnic media aim to help maintain boost in voting by new Canadians

Statistics Canada says new Canadians made up about one-fifth of the voting population in 2016

Cross-examination begins for B.C. dad accused of killing young daughters

Andrew Berry is charged in the deaths of six-year-old Chloe and four-year-old Aubrey in 2017

Dog attacked by river otters, Penticton owner says

Marie Fletcher says her dog was pulled underwater by four river otters in the Penticton Channel

BC SPCA overwhelmed with cats, kittens needing homes

Large number of cruelty investigations, plus normal ‘kitten season’ to blame

Memorial to deceased teen stays in place through Labour Day

Hundreds of tributes have been left at the Walnut Grove skate park

Wife charged in husband’s death in Sechelt

Karin Fischer has been charged with second-degree murder in the death of her husband, Max

Most Read