Thursday, October 3, 2013

Twitter Files For IPO

San Francisco-based Twitter officially filed its IPO papers Thursday afternoon, saying it is looking to raise up to $1 Billion in its IPO. The firm, which has not yet selected an exchange, said it is looking to trade as TWTR. The firm's IPO is being underwritten by Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities, Allen & Company LLC, and CODE Advisors. The firm's investors include Spark Capital, Benchmark Capital, Union Square Ventures, DST Global, among many others.