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The Lowdown: Twitter Files $1B IPO; 77% Of 218.3M Active Users Outside US; 75% Mobile

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…

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