Twitter plans to join the stock market

Twitter has announced – via a tweet – that it plans to join the stock market in what will undoubtedly be the most anticipated flotation since Facebook’s last year.

On Thursday the company tweeted: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO.”

Twitter was founded in 2006 and with more than 200 million users today is valued at more than £6.3 billion.

The filing is confidential and as the company works through its plans with regulators it will enter a ‘quiet period’ where it will not talk to the press. Subsequently, Twitter has not given any further details as to the timing or price of the offering.