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Twitter’s eagerly awaited initial public offering could take place as early as November, the Wall Street Journal reported Thursday.
The report said that regulatory approval of the share offering was already under way and that the micro—blogging site had retained JP Morgan Chase and Morgan Stanley to handle the IPO along with Goldman Sachs. The same companies managed Facebook’s IPO last year.
The WSJ said that Twitter actually filed for an IPO weeks before revealing its plan in a tweet in mid September. It generally takes at least 2 and a half months for the paperwork to be approved, meaning that the IPO would take place at the end of November, the WSJ said.
The Twitter launch is the most hotly anticipated technology share offering this year. Under US financial rules the company is obliged to publish its financial prospectus at least 21 days before the shares go on sale to the public.
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