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Twitter hopes to raise $1 billion through stock sales and plans to trade under the symbol “TWTR”.
Here are some highlights described in the FORM S-1 Twitter has submitted a few days ago to the U.S. Securities and Exchange Commission (SEC):
- “…as of June 30, 2013, [Twitter] had an accumulated deficit of $418.6 million“, page 23
- “[Twitter] revenue has grown rapidly … to $316.9 million in 2012, we expect that our revenue growth rate will slow in the future…”, page 23
- “We currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future.”, page 51
- “…We generate nearly all of our advertising revenue through the sale of our three Promoted Products: Promoted Tweets, Promoted Accounts and Promoted Trends. The substantial majority of our advertising revenue is generated on a pay-for-performance basis…”, page 59
- “…we derive the substantial majority of our advertising revenue from advertisers in the United States … advertising revenue per timeline view in the three months ended June 30, 2013 of $2.17 in the United States and $0.30 internationally…”, page 59
- “…Over 65% of our advertising revenue was generated from mobile devices in the three months ended June 30, 2013.”, page 59
- “We record advertising revenue based on the billing location of our advertisers, rather than the location of our users.”, page 59
- “We determined the fair value of our common stock to be $13.05 per share as of November 18, 2011… We determined the fair value of our common stock to be $20.62 per share as of August 5, 2013…”, page 89
- Net loss six Months Ended June 30 2013 is $69.251 Millions, Annexe F-6
- Goodwill and Other Intangible Assets, Balance as of June 30, 2013 (unaudited) is $163,715 Millions, Annexe F-28
References:
FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Twitter, Inc. : http://1.usa.gov/1g8qLdE
