Twitter could make IPO public this week: reports

Micro-blogging business has yet to make official announcement on timeline

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Twitter could make IPO public this week: reports Twitter has risen to become a mainstay of social media, and claims 300m active users and 500m daily tweets. (Getty Images)
By  Stephen McBride Published  September 30, 2013

Twitter Inc's long-expected IPO is expected to be made public this week, according to reports from the Wall Street Journal and Reuters.

The micro-blogging business filed with regulators on 12 September, but no timeline was included in the filing.

Twitter has been valued at between $10bn and $15bn, but Saudi Arabia's Prince Alwaleed bin Talal bin Abdulaziz al Saud, who is a prominent Twitter stakeholder, believes the valuation could be higher.

The Wall Street Journal and news website Quartz quoted insiders as saying Twitter would aim for a trading deadline of before the US holiday of Thanksgiving on November 28.

Twitter has risen to become a mainstay of social media, and claims 300m active users and 500m daily tweets.

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