Twitter is going public.
The short messaging service says it has filed confidential documents for an initial public offering of stock.
But the documents are sealed, as Twitter is taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in their last fiscal year to avoid submitting public IPO documents.
San Francisco-based Twitter Inc. posted on its official Twitter account Thursday afternoon that it has confidentially submitted an S-1 to the SEC for a planned IPO.
The confidentiality will likely help Twitter avoid the public hoopla that surrounded the initial public offerings of other high-profile social networking companies, including Facebook Inc., which went public in May 2012.
Twitters IPO has been long expected. The company has been ramping up its advertising products and working to boost ad revenue in preparation.
The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.
Have a news tip? You can send it to a local news editor; email email@example.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer. Read moreRead less
The Charlotte region is vast and diverse. The more voices engaged in conversation, the better for us all. The Charlotte Observer welcomes your comments on news of the day, but we ask that you keep the discourse civil.
- Do not use profanity or obscenities. And don't try to camouflage profanity with asterisks, abbreviations or other symbols or foreign phrases.
- Do not use threatening language. Talk of violence won't be tolerated.
- No racial, gender or sexual-orientation name-calling.
- Do not attack other commenters for their views. Do not libel or defame anyone or violate their privacy.
- Keep your comments succinct and stay on topic. Comments that bear no relation to the story may be deleted.
- Do not add images to your comments.
- Do not report comments as abusive simply because you disagree with them. Report them only if they violate these guidelines.
- Do not post spam or advertising of any kind.
- Do not post a comment using all capital letters.
We do not monitor each and every posting, but we reserve the right to block or delete comments that violate these rules.
You can help: Notify us of violations by hitting the "Report Abuse" link. Users who continue posting comments that violate these guidelines may, at our discretion, be blocked from submitting future comments as well.
And finally, as Mark Twain said: "Always do right. This will gratify some people and astonish the rest."
Enjoy the discussion.