Twitter Files to Go Public

Prediction:

This isn't the same thing as going public, which Facebook (FB) did in mid-2012. Twitter will likely file its documents in preparation for an initial public offering in 2014.

Last year I predicted that Google (GOOG) would acquire the micro-blogging site. I wouldn't be surprised if Google makes another run at Twitter, though I expect Twitter would prefer to remain independent.

CEO Dick Costolo has been pretty adamant that the company doesn't need to raise funds soon, as it tries to maximize revenue, while maintaining the user experience and value that Twitter has become. In mid-2012, Twitter said it "expects to generate at least $1 billion in sales in 2014."

I think we'll see Twitter file its documents around November, with an expected offering sometime around February.

Review:

Though I won't give myself an A+ on this one, I will give myself a pretty good grade, with a caveat. While I correctly predicted Twitter would file its documents this year, I said it would  go public in early 2014. The San Francisco-based micro-blogging site went public last month, pricing its offering at $26 per share, raising $1.82 billion in the process.

On the surface, that would seem to hurt my grade, and it should. However, I also broke the news that Twitter would list on the New York Stock Exchange. I think that should count for something when it comes to my grade, right?

Grade: A (A+ for getting the filing timing close to right, it happened in Sept., less two grades for the exact timing of the IPO, and add one grade for breaking a story)

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