Social media platform Twitter Inc. said it would make its initial public offering filing public this week. This was according to a news website report last Sunday. Quartz, the news agency who reported the story, cited a person familiar with Twitter's plan.
Twitter filed with the US regulators last September 12 to go public. However, the social media network giant had executed a confidentially filing without disclosing a timeline under an available process available to emerging growth companies. Twitter had been expected to be valued around USD15 billion.
Quartz also reported that Twitter's initial public offering could be delayed by numerous factors. This would include changes to the prospectus to market conditions. The possible shutdown of the US government could also contribute to the delay.
Twitter representatives were not immediately available to comment regarding the Quartz report.
The social media company had leaned towards choosing the New York Stock Exchange over the NASDAQ for the most awaited IPO. This was according to a source familiar with the matter said last week. Another source was cited to have said earlier this month that Twitter aimed to start publicly trading in the stock market prior the US Thanksgiving holiday on November 28. The same timeline was also reported by Quartz last Sunday.
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