Monday, Jul 25, 2016
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Economy

Twitter says it filed confidential IPO registration with U.S.

Twitter Inc. said it filed a registration statement for an initial public offering with the U.S. Securities and Exchange Commission.

“We’ve confidentially submitted an S-1 to the SEC for a planned IPO,” the company said via its corporate Twitter feed on its website. “This Tweet does not constitute an offer of any securities for sale.”

Companies with less than $1 billion in annual revenue are able to submit IPO filings confidentially with U.S. regulators under the Jumpstart Our Business Startups, or JOBS, Act.

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