Twitter announced that it had filed for IPO confidentially on September 12 via a tweet, Quartz reported on Sunday.
Twitter is expected to be valued at up to $15 billion.
Twitter’s IPO filing is ready, and the company intends to make it public this week, according to someone familiar with the plan.
The goal is for Twitter to begin trading, likely on the New York Stock Exchange, before Thanksgiving.
As per Quartz website.
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.— Twitter (@twitter) September 12, 2013
Twitter is an online social networking and micro-blogging service that enables users to send and read "tweets", which are text messages limited to 140 characters.
Registered users can read and post tweets but unregistered users can only read them. Users access Twitter through the website interface, SMS, or mobile device app.
Twitter Inc. is based in San Francisco and has offices in New York City, Boston, and San Antonio.
Twitter was created in March 2006 by Jack Dorsey and by July 2006, the site was launched.
The service rapidly gained worldwide popularity, with 500 million registered users in 2012, who posted 340 million tweets per day.
The service also handled 1.6 billion search queries per day. Twitter is now one of the ten most visited websites, and has been described as "the SMS of the Internet."
Inputs from Agencies