As if yielding to growing speculation, Twitter has finally confirmed the confidential submission of their application, to the Securities and Exchange Commission (SEC) on Thursday, for an Initial Public Offering (IPO).
If approved, this will pave the way for the social network, favoured by marketers for generation of leads, and by celebrities for sharing of information with their fans, to become a quoted company on the Stock Exchange.
The microblogging social network, that accepts not more than 140 characters for a `tweet', revealed this information through a short tweet, which said:
"We’ve confidentially submitted an S-1 to the SEC for a planned IPO."
The tweet has already be retweeted 12,777 times and favourited 2.728 times.
The Tweet also warned members of the public that "...it does not constitute an offer of any securities for sale.".
* Twitter: @bensonagoha.
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