If you feel like you missed out on our latter-day tech IPO extravaganza and your chance to blow money (or make it) on issues like LinkedIn, Facebook or Zynga, take heart. Here’s news of an initial public offering that broke right here in San Francisco:

Yes, Twitter is going public. And this post is not a recommendation that you should consider buying the stock when it comes to market, but don’t be surprised if the IPO excites a Facebook-style frenzy. A couple of tech-world takes on the news:

Alex Wilhelm, TechCrunch:

We don’t know much, but expect Twitter to go public at a valuation of between $15 billion and $20 billion, roughly. Its last private money came in at around a $10 billion valuation, and those investors will want a return on their funds. …

… Twitter’s public offering has been a very long time in coming, and contains inside of it oodles of institutional pressure: With hundreds of millions of invested capital under its belt, Twitter has a number of investors that want their money back — it has been well managed, sure, but cash has a certain feel to it. The IPO will be a zoo. But it will be fun zoo, and that is all that matters.

Now, what are Twitter’s revenue and profit figures? We’ll actually get to know soon. Get excited.

David Goldman, CNN Money:

The company sent its filing confidentially to the Securities Exchange Commission. Many soon-to-be-public companies have been taking advantage of new regulations passed last year in the JOBS Act, which allows smaller businesses to keep its financial data out of the public’s eye.

Twitter has been rumored to be going public for the past few years. After Facebook’s (FB) IPO in May 2012, Twitter was widely believed to be the next major technology company to offer its stock to public investors.
Twitter has exploded in usage since its creation in 2006, with hundreds of millions of users.

Twitter Files for IPO 7 May,2014Dan Brekke


Dan Brekke

Dan Brekke is a blogger, reporter and editor for KQED News, responsible for online breaking news coverage of topics ranging from California water issues to the Bay Area’s transportation challenges. In a newsroom career that began in Chicago in 1972, Dan has worked as a city and foreign/national editor for The San Francisco Examiner, editor at Wired News, deputy editor at Wired magazine, managing editor at TechTV as well as for several Web startups.

Since joining KQED in 2007, Dan has reported, edited and produced both radio and online features and breaking news pieces. He has shared in two Society of Professional Journalists Norcal Excellence in Journalism awards — for his 2012 reporting on a KQED Science series on water and power in California, and in 2014, for KQED’s comprehensive reporting on the south Napa earthquake.

In addition to his 44 years of on-the-job education, Dan is a lifelong student of history and is still pursuing an undergraduate degree.

Email Dan at: dbrekke@kqed.org

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