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Monday, 30 September 2013 08:58

Twitter rumoured to make IPO plans public this week

Written by Nick Farrell

Long time coming

Twitter will make its IPO filing public this week.

The company, which is expected to be valued at up to $15 billion, filed with US regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies. Word on the street is that Twitter's IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the US government.

Twitter will list on the New York Stock Exchange instead of the Nasdaq for its highly anticipated initial public offering. Another person familiar with the matter said earlier this month that Twitter aimed for its shares to trade in the stock market before the US holiday of Thanksgiving on November 28. They insist though that his is not a Turkey.

Nick Farrell

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