Menu
Report: Twitter might go public on Nov. 15

Report: Twitter might go public on Nov. 15

An analysis by PrivCo reveals a Twitter "slip-up" in previous documents

File this one under oops -- Twitter may have inadvertently revealed, at an earlier point, its plans to go public on Nov. 15, according to a recent PrivCo report.

On Wednesday the financial research company PrivCo released a report that, by using deduction, came to the conclusion that Twitter, at one point, was shooting for an IPO date of Nov. 15.

PrivCo's analyst was based on an earlier version of Twitter's public S-1 filing with the Securities and Exchange Commission, recently made public. In it, the social network said that the deadline for employees to sell restricted stock to cover tax obligations was Feb. 15, 2014. Because this lock-up period is typically 90 days after an IPO, that means Twitter was planning to go public on Nov. 15, PrivCo said.

By giving the Feb. 15 lock-up date in that previous document, "Twitter's IPO advisors slipped up," PrivCo said.

PrivCo's analysis was based on an earlier draft of Twitter's IPO filing, so the company may very well have adjusted its timeline for going public since then. The social network could not be immediately reached to comment on PrivCo's report.

Twitter's documents for its highly anticipated IPO became public last week. In them, the company said it would be listing on the Nasdaq Global Select Market or the New York Stock Exchange under the symbol "TWTR," but it did not say when it would be making its initial public offering.

PrivCo's analysis does jive with some other reports saying that Twitter is shooting to begin trading before Thanksgiving.

Twitter's initial filing was submitted confidentially to the SEC under the JOBS (Jumpstart Our Business Startups) Act so it could prepare its paperwork out of the public eye. The company said via tweet on Sept. 12 that it had filed plans for an IPO, but the actual paperwork was likely submitted much earlier than that.

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on Twitter at @zachminers. Zach's e-mail address is zach_miners@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesInternet-based applications and servicesPrivCosocial networkingSEC Filingsfinancial resultstwittersocial mediainternetsearch engines

Featured

Slideshows

Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Top 15 Kiwi tech storylines to follow in 2017

Top 15 Kiwi tech storylines to follow in 2017

​The New Year brings the usual new round of humdrum technology predictions, glaringly general, unashamedly safe and perpetually predictable. But while the industry no longer sees value in “cloud is now the norm” type projections, value can be found in following developments of the year previous, analysing behaviours and patterns to formulate a plan for the 12 months ahead. Consequently, here’s the top Kiwi tech storylines to follow in 2017...

Top 15 Kiwi tech storylines to follow in 2017
Show Comments