In the not too distant future you'll be able to buy a share of TWTR—the company has confidentially filed for a secret IPO in the hopes of dodging the Facebook's IPO expectation disaster. Start getting your pension ready, bubble fans!
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.— Twitter (@twitter) September 12, 2013
Good luck avoiding the hype train. Could this have something to do with Twitter's recent favor for JP Morgan Chase?
In case you're wondering what a "secret IPO" is, because really, what the hell is a secret IPO, QZ has a terrific explanation here—but basically, this is Twitter's way of putting off revealing its financial cards for as long as legally possible. Still, to be eligible for a secret IPO, Twitter has to have under $1 billion in annual revenue—compared to Facebook's nearly $2 billion.
Update: The Wall Street Journal hears Goldman will underwrite the IPO.
Photo: Hulton Archive