Twitter on Thursday tweeted that it submitted an S-1 to the U.S. Securities and Exchange Commission for an initial public offering of stock.
“We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale,” it wrote.
This week, it was reported that Twitter CEO Dick Costolo sidestepped talking about the IPO.
He previously said the company is not focusing on an IPO, said USA Today.
Co-founder Jack Dorsey previously said Twitter is “not even thinking” about an IPO.
According to the Wall Street Journal, a rule change last year allows companies with less than $1 billion to file an initial IPO confidentially. It means that they can keep their results confidential until they are closer to selling stock to investors.
