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NewsPoster Sep 12, 2013 05:33 PM
Twitter files for 'secret' initial public offering with SEC
Earlier today, <a href="" rel='nofollow'>Twitter</a> announced (in a tweet) that it has filed with the US Securities and Exchange Commission (SEC) to go public. Companies with less than $1 billion in revenue per year can file for a "secret" initial public offering, which prevents public release of documentation associated with the filing, such as assets, and revenue estimates.<br />
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Little information is actually known about the filing. The "secret" status obviously makes the company's earnings less than $1 billion annually, but a timetable, number of shares, and other pertinent facts are likely to not be made public by the company during the IPO process.
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