File this one under oops—Twitter may have inadvertently revealed, at an earlier point, its plans to go public on Nov. 15, according to a recent PrivCo report.
On Wednesday the financial research company PrivCo released a report that, by using deduction, came to the conclusion that Twitter, at one point, was shooting for an IPO date of Nov. 15.
PrivCo's analyst was based on an earlier version of Twitter's public S-1 filing with the Securities and Exchange Commission, recently made public. In it, the social network said that the deadline for employees to sell restricted stock to cover tax obligations was Feb. 15, 2014. Because this lock-up period is typically 90 days after an IPO, that means Twitter was planning to go public on Nov. 15, PrivCo said.
By giving the Feb. 15 lock-up date in that previous document, "Twitter's IPO advisors slipped up," PrivCo said.
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