Twitter may file for $15-b IPO next year
New York: Popular microblogging site Twitter is likely to hit the US stock market early next year with a whopping $15 billion initial public offering, says a research report.
With its platform for maximum 140-character tweets, Twitter, which has attracted millions of users worldwide including India, is expected to see robust market valuations primarily benefitting from its revenue-earning sources. “Twitter Inc plans to file for an IPO as early as the fourth quarter of 2013, and plans to go public in the first quarter of 2014,” US-based PrivCo, a provider of business and financial research on major privately held companies, has said.
PrivCo’s report is based on information from its sources. “Twitter will learn from Facebook’s flawed playbook and do the opposite. Twitter will conservatively price its IPO at 30 times revenue, or $15 billion,” PrivCo CEO Sam Hamadeh said.
Social networking giant Facebook had come out with $16 billion initial public offering in May 2012.