The hotly anticipated, recently announced Twitter IPO gets fleshed out a bit more today as their regulatory filing was made this afternoon. Goldman Sachs won out over other investment firms in guiding what will be a highly publicized process of courting potential investors in a cross-country "road show."
As Deal Book reports, dealmakers hope that this is a big splashy return for tech IPOs, after 2013 was relatively disappointing in that regard and after it took a full year for Facebook's stock to recover from its rocky offering last year. Facebook now trades at 30% over its initial price, and we are, obviously, in boom times for tech once again, for however long that lasts this time.
Twitter apparently wants to complete their preparations and road show by Thanksgiving, however if the government shutdown persists or markets don't cooperate, they may hold off until next year for the offering.
And word has it that they put a bird on all their filing paperwork.
In other recent IPO news, the makers of the wildly popular game Candy Crush Saga, UK-based King/Midasplayer, just filed their SEC paperwork using the same confidentiality loophole that allowed Twitter to keep their detailed financials private until 21 days before the actual offering.