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The $10bn tweet: Twitter bosses confirm IPO plans
by Sarah Miloudi on Sep 13, 2013 at 07:49
Twitter bosses would have struggled to come up with a more fitting way to unveil their IPO plans, and last night took to their own social networking site to announce - in 140 characters - that the company had informed the SEC of its intention to float.
'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,' it said.
Analysts have valued the flotation at $10 billion (£6 billion), and have dubbed it the most high-profile technology IPO since Facebook.
The move comes shortly after Twitter announced it had 15 million active users in Britain, representing roughly a quarter of the population
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