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Twitter wants to raise €1bn dollars through its share issue.

The 'Initial Public Offering' filing gives potential investors a first glance at the company's fi...
Newstalk
Newstalk

05.54 4 Oct 2013


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Twitter wants to raise €1bn do...

Twitter wants to raise €1bn dollars through its share issue.

Newstalk
Newstalk

05.54 4 Oct 2013


Share this article


The 'Initial Public Offering' filing gives potential investors a first glance at the company's financial state.

The eight-year-old service is the preferred communications tool for celebrities and politicians.

Twitter has unveiled details of its upcoming stock market listing;

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The company said it has 215 million active users and more than 100 million people use the micro-blogging site every day.

In a document filed with the US financial regulator, Twitter said it generated revenues of 253 million dollars in the first six months of this year.

However, it racked up losses of more than 69 million dollars.

Shares in Twitter are expected to begin trading in November.


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