So much for the quiet IPO - Twitter tweets confidential IPO filing

By Renaissance Capital,

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Twitter publicly tweeted its confidential submission of an S-1 for an IPO, less than one month after the CEO stated his intention of having a "low profile" offering. Twitter's IPO is one of the most anticipated IPOs since Facebook's May 2012 offering.

The confidential submission process remains a preferred choice for emerging growth companies (those with <$1 billion in revenue). Approximately two-thirds of the 131 IPOs priced so far this year have used confidential filings during their IPO process. Based on Renaissance Capital's historical data, this would suggest Twitter could publicly file in 2013, with a likely pricing in early 2014.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: FB

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