This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24664145
The article has changed 7 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Twitter plans to raise up to $1.4bn in IPO | Twitter plans to raise up to $1.4bn in IPO |
| (35 minutes later) | |
| Twitter is to sell 70 million shares priced between $17 and $20 (£10 - £12) when the company makes its debut on the New York Stock Exchange. | Twitter is to sell 70 million shares priced between $17 and $20 (£10 - £12) when the company makes its debut on the New York Stock Exchange. |
| This offering represents 13% of the microblogging site. | This offering represents 13% of the microblogging site. |
| It values Twitter at as much as $11.1 billion (£6.8bn), making it the biggest internet company to go public since Facebook. | It values Twitter at as much as $11.1 billion (£6.8bn), making it the biggest internet company to go public since Facebook. |
| However, despite big user figures, the company has yet to turn a profit. | However, despite big user figures, the company has yet to turn a profit. |
| Twitter currently has 200 million active users, who send more than 500 million tweets a day. | Twitter currently has 200 million active users, who send more than 500 million tweets a day. |
| The company is expected to post $583m in revenue in 2013, according to advertising consultancy eMarketer, up from $288m in 2012. | The company is expected to post $583m in revenue in 2013, according to advertising consultancy eMarketer, up from $288m in 2012. |
| The majority of Twitter's revenue comes from advertising, with companies paying for "promoted tweets". | The majority of Twitter's revenue comes from advertising, with companies paying for "promoted tweets". |
| Many analysts expect that it will make its market debut in mid-November after it has completed a so-called "shopping period" where it makes its pitch to potential investors. | Many analysts expect that it will make its market debut in mid-November after it has completed a so-called "shopping period" where it makes its pitch to potential investors. |
| The company has said that its stock symbol will be "TWTR". |