Twitter is reportedly planning to sells its private stocks to the public before the end of November, 2013, but will wait as long as possible until it has to release its financial information in a bid to avoid the mistakes made by Facebook.
Twitter is reportedly planning to sells its private stocks to the public before the end of November, but will wait as long as possible until it has to release its financial information in a bid to avoid the IPO mistakes made by Facebook.
Otherwise known as an IPO, bosses are hoping the sales move will bring in at least $1bn, reports from Reuters and The New York Post have suggested.
Although Twitter only the fact that it intended to go public last week, pressure is on for the social media giant, recently valued at around $15bn, to provide exhaustive financial information to the world if it hopes to sell stocks as soon as the end of November. Rules state it must provide the information 21 days ahead of selling.
In a bid to avoid the over-zealous hype created by Facebook that caused its stocks to flop after going public in 2012, commentators are suggesting Twitter will wait as long as possible to disclose figures, reducing the amount of time that its filing information is available for public review.
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