Twitter's IPO Announcement

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Twitter's IPO announcement was a significant event in the company's history. On September 12, 2013, Twitter tweeted that it had confidentially submitted an S-1 filing to the Securities and Exchange Commission (SEC) for a planned initial public offering (IPO)[3]. This filing was permitted under the Jumpstart Our Business Startups Act, allowing companies with less than $1 billion in annual revenue to file confidentially[3]. The announcement marked the beginning of Twitter's transition into a publicly traded company. The IPO itself was highly anticipated and took place on November 7, 2013, with Twitter offering 70 million shares on the New York Stock Exchange under the symbol "TWTR"[5]. The stock opened at $45.10 per share, valuing the company at $31 billion[5]. Twitter raised $1.8 billion from the offering before expenses, making it one of the largest IPOs for an internet company at the time[5]. The IPO was seen as a major milestone for Twitter, providing it with access to capital and increased visibility on the global financial stage.