Twitter has filed a public S-1 prospectus that offers more details regarding its upcoming IPO. The company has filed to raise up to $1 billion through the offering and has applied to list under the TWTR symbol, though no stock exchange was listed. Goldman Sachs is slated to lead the offering alongside Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and Deutsche Bank.
The company reported net losses of $79.4 million in 2012 and $69.2 million for the six months ended June 30, 2013. Revenues have picked up, however, increasing from $106.3 million in 2011 to $316.9 million last year.