October 25, 2013
Twitter group hoped raise $ 1 billion for its IPO just set the bar a little higher and wants to raise $ 1.6 billion according to information from the SEC, the U.S. stock gendarme.
Twitter group sees larger than expected and hopes to raise $ 1.6 billion for its IPO. The group indicated a willingness to sell 70 million shares at a price of 12 to 15.4 euros each and the opportunity to offer more if the demand is high. Not less than 10.5 million shares surcharge. The date of the NYSE is still not clarified by the group. The name of the title will be “TWTR.” According to the Wall Street Journal, it is likely that the IPO is effective November 7, 2013, with a final price fixed November 6, 2013 after the roadshow, which is the presentation to potential investors.
figures known to date for the network highlight more than 100 million active users per day and 218.3 million per month of which 75% are accessing from a mobile device. Every day, more than 500 million tweets are published by 100 million users. The total number of tweets sent to date has exceeded 200 billion 300 billion created. The turnover in 2012 was 316 million and for the first half of 2013, it is 253 million, of which 62.8 million outside the United States. The loss was $ 79.4 million in 2012 or a little over 25% of sales and the first half of 2013, losses fell to 69.3 million. Since its inception, the accumulated losses of Twitter are $ 418.6 million. The group’s main shareholders Evan Williams 12%, Fenton 6.7%, 4.9% Jack Dorsey, Dick Costolo 1.6%. The size of the group in 2013 was 2,000 people. In terms of its financial results, Twitter reported a net loss of $ 69.3 million for the first half of 2013 alone. Sales, however, is up sharply. It has tripled in 2012 to reach $ 317 million and already reached 253.6 million for the first six months of this year.
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