Twitter revealed late Thursday afternoon that its much-anticipated initial public offering has been set in motion. The San Francisco-based tech giant announced the move with—what else?—a tweet.
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.— Twitter (@twitter) September 12, 2013
It's unclear when Twitter's IPO will occur, but most tech companies have taken only a few months after filing the S-1. For instance, Facebook filed its S-1 in February 2012 and then went public in May of last year.