The microblogging site has filed for a confidential IPO, under the JOBS Act, which is allowed for companies with less than 1 billion dollars in annual revenue.
Twitter announced its upcoming share sale last week but did not provide any further details related to when will it introduce the IPO.
According to the New York Post, if Twitter sticks to the November or even December time frame, it will be required to disclose financial information and other details within 21 days of the so-called roadshow, when bankers market the offering to potential investors.
The report said that the new rules under the JOBS Act aim to streamline the IPO process and give more leeway to companies and also limit transparency for investors early in the process.
--ANI (Posted on 17-09-2013)