Twitter announces stock market flotation

<p>Twitter is set to float on the stock market.</p>

Twitter has revealed it is set to launch a flotation on the stock market, although the company did not say when it expects this to happen.

In a Tweet posted yesterday (September 12th), the firm announced it has submitted an S-1 to the SEC for an initial public offering (IPO).

The Twitter IPO is set to be one of the most hotly-anticipated in many years within the technology sector and the company is following in the footsteps of rival social networking firm Facebook. Although stocks in Facebook fell when the organisation was first floated in February last year, they eventually clawed back their value and hit a new record high this week.

Jack Dorsey, Biz Stone and Evan Williams set up Twitter in 2006 and it has been cited as an important catalyst in bringing democracy to part of the Middle East.

According to a report by the BBC, investors are suggesting that Twitter could be worth as much as $10 billion (£6.3 billion).

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.