Twitter reveals key stats in IPO filing that values social network at $US12.8b

Twitter co-founder Jack Dorsey

Twitter has revealed key financial stats in a filing for its inital public offering (IPO).

The social network is seeking to raise $US1 billion by floating 10% of its shares, valuing the company at $US12.8 billion.

They include:

  • Revenue more than doubled to $254 million in the first six months of this year
  • Its net loss grew by 40% to $69 million as the company's expenses ballooned
  • Twitter had 218.3 million average monthly active users in the three months ending June 30, up 44% from the year-ago period (Facebook claims more than 1 billion users)
  • About 500 million tweets are posted per day
  • 75% of users accessed Twitter through a mobile device in the quarter ending June 30
  • More than 65% of ad revenue was from mobile device in the June quarter
  • The major individual shareholders are Twitter cofounders Ev Williams with 12.0%, Jack Dorsey (4.9%) and CEO Dick Costolo (1.6%)
  • Major institutional shareholders with more than 5% of the company–the exact amount is not revealed in the filing–are Rizvi Traverse, Spark Capital, Benchmark, Union Square Ventures and DST. Benchmark, however, apparently owns about 6.7%, according to the filing.

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1 Comment & Question

Commenter icon key: Subscriber Verified

Tf they get this Twitter float away at this value in the face of a shutdown USA government and debt cliff, you'd think the meridian float will be a safe 20c stag on a dollar up front, other things being equal.

.... and no guarantees in this game.

But its a stag not a hold going into the election with the political risk factors and yields likely to blow out sooner rather than later as "risk free" govt stock takes on a new definition - as Sky TV commentary keeps mentioning the D-fault word.

The interesting aspect of the USA situation is how well they might cope with no government - it may surprise everyone just how dispensable some of the shutdown services actually are - and the whole saga of "you might be the president, but we have your credit card" is producing an intriguing 'reality TV' style economic study and push towards whatever their equivalent of a snap election is to align the political will powers

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