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 newsletter!

Error: Please check your email address.

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

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments