Business and financial research company Privco discovered new information from the S-1 document filed by Twitter Inc. Privco said the company would be debuting on the stock exchange on November 15. Form S-1 is filed by companies for registration with the US Securities and Exchange Commission (SEC). The document would contain financial information pertaining to a securities sale by the issuing company.
The document said employees of the microblogging services company could sell shares it owned in the company starting February 14 next year. Typically, a lock-up period for employees who wished to sell company stock they owned would be 90 days, said Privco. Therefore, Privco said Twitter would be debuting on Wall Street on November 15. Privco, in its report, pointed out that this piece of information was accidentally revealed by Twitter.
Revelations from the S-1 document released last week made a lot of potential and current investors excited. The document revealed the revenues, user base and growth strategies of the company, of which would be essential information to be used for investor strategies for Twitter's upcoming public listing.
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