Twitter Publicly Files S-1; Here is Everything You Need To Know (TWTR)

Loading...
Loading...
Making headlines Thursday after the close was the long anticipated public filing of
Twitter's
S-1, taking the social giant one step closer to its IPO. The filing can be found
here
In the filing, it was stated that Twitter is currently valued at $1 billion and will list under the symbol 'TWTR.' However, no exchange was listed in the filing. Leading the offering (as reported previously) was
Goldman SachsGS
, but also on the S-1 was
Morgan StanleyMS
,
JP MorganJPM
,
Bank of AmericaBAC
, and
Deutsche Bank
Loading...
Loading...
DB
. Two boutique firms were also listed; Allen & Co and CODE Advisors. Twitter's six-month sales were reported at $253.6 million at a loss of $0.15 per share, while active users were shown to be above 215 million, with over 100 million of those being daily active users. Eighty-five percent of the company sales originated from advertising in 2013, and that number increased to 87 percent in 2013. Major individual holders listed on the S-1 included founder Evan Williams with a 12 percent stake, early investor Peter Fenton with 6.7 percent, founder Jack Dorsey with 4.9 percent and company CEO Dick Costolo with 1.6 percent. The filing reported five percent holders in the company including Rizvi Traverse, Spark Capital, Benchmark Capital, Union Square and DST.
GSV CapitalGSVC
is also a known holder of Twitter, and spiked upon the announcement, settling at $15.90, a gain of almost four percent. Following the news, other social media names like
FacebookFB
spiked but quickly settled, while
YelpYELP
remained roughly flat.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsIPOsHotTechDick CostoloIPOJack DorseyS-1twitter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...