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!
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