13 Sep 2013

Twitter to list on stock market

12:46 pm on 13 September 2013

The social media website announced its intentions on Thursday with a tweet, saying it's filed all the paperwork with the Securities & Exchanges Commission.

Twitter plans to list on the stock market in the United States.

The social media website announced its intentions on Thursday with a tweet, saying it's filed all the paperwork with the Securities and Exchanges Commission.

The stock offering is the most hotly anticipated since Facebook listed its shares in May last year.

The BBC reports Twitter did not say when it plans to make the offering and gave no further details.

Twitter has been valued by private investors at more than $US10 billion and is on track to post $US583 million in revenue in 2013, according to advertising consultancy eMarketer.

The BBC reports the announcement immediately went viral - it was re-tweeted more than 8000 times within an hour of its posting.