Twitter Inc., made public its documents for its initial public offering and it’s a doozy.
It stands to be the largest Silicon Valley IPO since Facebook’s 2012 launch and hopes charm investors with mind-blowing revenue growth despite never having made a profit in the past three years. Its target is to raise $1 billion.
The eight-year-old microblogging service gave potential investors their first glance at its financials on Thursday. The company reports revenue almost tripled to $316.9 million in 2012, driven largely by advertising.
In the first half of 2013, it posted revenue of $253.6 million but had a loss of $69.3 million.
Kayla Tausche reports.