Friday, September 13, 2013

Inside Twitter’s plan to go public as quickly and quietly as it can $TWIT $FB $LNKD $GSVC

Inside Twitter’s plan to go public as quickly and quietly as it can $TWIT $FB $LNKD $GSVC

Twitter would like to go public as quietly as possible. And to do that, it will go public as quickly as possible, too.
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The clock started yesterday when the company tweeted that it had filed paperwork for an IPO. But the confidential filing actually happened a few weeks ago, according to someone who was briefed on the process. The US Securities and Exchange Commission (SEC) has nearly completed its review of the document, which means Twitter could make it public within the next few weeks, much sooner than would ordinarily be expected.
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That’s just one of many ways Twitter intends to exploit a new law, called the JOBS Act, in order to take the company public in atypical fashion. (I wrote about the prospect of Twitter filing a “secret” IPO in February.)

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