Twitter formal submission IPO plans to raise $1 billion

(editor: qing nan)

this is expected for a few days ago, Twitter today with the securities and exchange commission (SEC) filed S – 1 file, said it plans to raise up to $1 billion in an IPO, stock trading code for “TWTR”, but has not yet announced the land on which exchange. It will also be the much-anticipated technology company ipos since going public last year.

file, according to Goldman sachs, Morgan Stanley, jpmorgan chase, bank of America merrill lynch, deutsche bank securities, Allen & amp; Company and CODE Advisors will be Twitter underwriters of ipos. , Goldman sachs will as joint lead underwriter led by Banks, Morgan Stanley and jpmorgan chase, will serve as joint lead underwriter.

company equity structure

Twitter was established in 2006, the founder of Williams, dorsey and Biz Stone (Biz Stone), etc. Earlier on Thursday, the news that the three founders have been gathered in Twitter headquarters today, attended a staff meeting.

individual shareholders, Twitter co-founder evan Williams Williams (Ev) stake of 12%, co-founder Jack Dorsey, (Jack Dorsey) has a 4.9% stake, CEO Dick Costello (Dick Costolo) 1.6% stake. A total of three people a 17.5% stake.

institutional shareholders, the shareholding ratio of more than 5% have Rizvi, icarda Traverse by, Spark Capital, Benchmark, the Union Square Ventures and DST, but Twitter has not announced specific stake in the file. Ownership clearly that it is possible, however, the Benchmark is about 6.7%.

Twitter in the first half of this year losses of $69.3 million

Twitter, according to the prospectus for a company for seven years, Twitter has not been profitable. In the first half of this year, Twitter on revenue of $253.6 million, a net loss of $69.3 million, loss compared with the same magnification. The same period in 2012, Twitter on revenue of $122.4 million, a net loss of $49.1 million.

in 2010, 2011, 2012, in the first half of 2012, the first half of 2013, Twitter’s revenues of $28.278 million and $106 million respectively, $317 million, $122 million and $253.6 million; Total spending and cost $95.76 million and $234 million respectively, $394 million, $169 million and $316 million; A net loss of $67.32 million, $128 million and $79.4 million respectively, $49.1 million and $69.3 million. As of June 30, Twitter, the amount of cash and cash equivalents and short-term investments of $375 million.

Twitter revenue consists of advertising business and the authorization of the data. In 2010, 2011, 2012, in the first half of 2012, the first half of 2013, according to the business divisions, Twitter AD service revenue of $7.3 million and $77.7 million respectively, $269 million, $101 million and $221 million, accounted for 26% of total revenue, respectively, 26%, 85%, 83% and 85%; Data licensing revenues of $21 million and $28.7 million respectively, $47.5 million, $21.1 million and $32.2 million, respectively, accounting for 74% of total revenue, 27%, 15%, 27% and 15%.

as of June 30, 2013 in the second quarter, the average monthly access Twitter users to 218.3 million, 151.4 million rose 44% from a year earlier. Twitter’s future financial performance, will be largely influenced by the growth of the number of users, users on Twitter platform to participate in the overall level, and the influence of advertising participation levels. Twitter in February 2012 for iOS and Android operating system introduced Promoted Products mobile applications. As of June 30, 2013 in the second quarter, the company more than 65% of the advertising revenue generated by mobile devices.

Twitter financing history

Twitter was established in 2006, the site 7 years development, a total of seven times. Here are seven financing amount and the change of company valuations:

A chakra: in July 2007, the financing scale between $1 million and $5 million, estimates the unknown.

B: completed in May 2008, $15 million of financing, valuation of $80 million.

C wheel: completed in February 2009, $35 million of financing, valuation of $250 million.

D wheel: completed in September 2009, $100 million of financing, valuation of $1 billion.

E chakra: completed in January 2010, the scale of financing for $5.17 million, estimates the unknown.

F round, completed in January 2010, raised $200 million, $3.7 billion valuation.

G wheel: the first phase completed in August 2011, raised $400 million, valued at $8 billion; The second phase completed in September 2011, raised $400 million, valued at $8 billion.