You might be able to get your hands on a piece of the Twitter pie earlier than expected.
It is widely expected that Twitter Inc. will open up their initial public offering (IPO) in 2014. However, the company might even file their IPO paperwork this year.
According to Bloomberg, Twitter‘s CFO, Mike Gupta, is currently engaged in preliminary talks with various banks about handling their first IPO.
This, of course, is a sure sign that the much anticipated stock market debut of the social networking company is imminent.
The San Francisco based company is waiting for their third quarter financial results before deciding on whether to file their IPO paperwork this year or in 2014.
Twitter, which is the second most popular social networking site in the world – after Facebook, that also joined the stock market in 2012 – has approximately 500 million registered users, many of whom include world leaders, celebrities and sport stars.
The micro-blogging site opened it‘s (virtual) doors in 2006 and has since grown into a multi-billion dollar company. It is estimated that Twitter Inc. is valued at a whopping $10.5 billion and is expected to grow ad revenue to $950 million by 2014.
The man behind it all, Mike Gupta, knows his numbers as the former finance executive for Yahoo Inc., joining the Twitter family as their CFO in 2012.
He is also the same man that helped take game-maker Zynga Inc. public in 2011. So, if there is any person in this business capable enough to handle such a big step, it‘s Gupta.
So if you are keen to get in on Twitter, you better keep your eyes open – it seems the times at Twitter are a changing fast.
