14 DAY TRIAL // Twitter’s IPO filing has finally been made public and it reveals a lot of interesting things about the company.
For instance, the symbol Twitter stock will be traded under is TWTR, although it has not yet been confirmed that the New York Stock Exchange will be the one to handle the IPO.
The filing included several images of iconic tweets, including Jack Dorsey’s first ever message on the platform, along with the note “Twitter was born on March 21, 2006 with just 24 characters.”
Other tweets included in the presentation came from president Barack Obama or the Clarence House, announcing the new royal baby, effectively pointing out to how Twitter has become more than just a social platform, but a means for big announcements to be made.
Furthermore, many details regarding the company’s financial status have been revealed.
For instance, Twitter’s revenue in 2012 was of a mere $316.9 million (€232.5 million), much worse than it was anticipated. However, this year seems to be a lot better for the company, since it reports $253.6 million (€186 million) in revenues for the first half of 2013.
The company also reported losses – $79.4 million (€58.2 million) in 2012 and $69.3 million (€50.8 million) for the first half of this year.
Twitter’s money-making recipe isn’t as effective as everyone was hoping, but they are at least moving forward.
According to expectations, this year’s revenue will be about $600 million (€440.2 million), nearly double over last year’s results, which is always encouraging.
The platform has some 215 million active users each month, sending out about 500 million tweets each day. Since last December, the company won over 15 million users, the filing reveals.
Twitter also revealed that the company has $164.4 million (€120.6 million) in cash or cash equivalents. The company is getting closer to the roadshow preceding the IPO, which should happen in the next few weeks.