After filing a confidential IPO with the US Securities and Exchange Commission last month, Twitter has finally made its IPO filing public and intends to raise $1 billion. It has not revealed a starting price yet. Goldman Sachs will be the lead underwriter and other underwriters are Morgan Stanley, JP Morgan, Bank Of America (BofA) Merrill Lynch, Deutsche Bank Securities, Allen & Company LLC, CODE Advisors. The company’s stock symbol would be 'TWTR'. Notes from the S-1 filing: - Not Profitable Yet: Twitter reported revenues of $253.6 million for the six month ended June 30, 2013, up from $122.4 million revenue for the six month ended June 30, 2012. The company is however not profitable yet: a net loss of $69.3 million for the six months ended June 30, 2013, a increase from $49.1 million loss in the six month ended June 30, 2012. For the year ended December 31, 2012, Twitter generated revenues of $316.9 million, a significant increase from $106.3 revenue in 2011 and $28.3 million revenue in 2010. The net loss was at $79.4 million for 2012, an improvement from $128.3 million loss in 2011, but an increase from $67.3 million loss in 2010. - Monthly and daily active users: Twitter has more than 218.3 million monthly active users (MAUs) for the quarter ended June 30, 2013, a 7% increase from 204 million MAUs for the quarter ended March 31, 2013 and a 44% increase from 151 million MAUs for the quarter ended June 30, 2012. It has more than 100 million daily active users. Twitter defines a…
