As everybody has been made aware over the last 24 hours, Twitter has confidentially submitted an S-1 to the SEC for a planned IPO. This is only the first step in an IPO, though, and Twitter lovers can expect around three to six months, or more, before being able to buy any options.
The JOBS Act dictates that any company bringing in under $1 billion in revenue can file confidentially, and Twitter currently brings in around $500 – $600 million. Regardless, everybody knew what was going on, and confidentiality seemed to be one of the lower priorities on the list. If you are looking to buy, do not be put off by the fact that they bring in under $1 billion, because they are looking to hit that mark in 2014.
In a purely Twitter fashion, the news was broken in less than 140 characters:
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
Needless to say, there have been some amazing reactions on the Twittersphere, and here are some of our favorites:
Twitter is going public. I'll buy no more than a 140 shares. #twitterIPO
— Jeffrey Wisenbaugh (@KoolJeffrey) September 12, 2013
Will #TwitterIPO Trend forever?
— Dennis Glasgow (@dennisglasgow) September 12, 2013
FB announces IPO on FB, Twitter on Twitter. This is going to breakdown when Snapchat goes public…
— Hunter Walk (@hunterwalk) September 12, 2013
It's like watching your nephew drink their first beer or listen to their first metallica record. #twitteripo
— Alex Wilhelm (@alex) September 12, 2013
Your follower count directly relates to how much stock you get. Also, verified accounts are worth more. #twitteripo
— Armando Rodriguez (@megapenguinx) September 12, 2013
Let us know your thoughts and feelings about the IPO and what you think might happen: Will we see a run similar to Facebook, or will we see a stunning success from square one?