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.

— Twitter (@twitter) September 12, 2013


It’s finally here, Twitter has officially filed for an IPO! Thus far, there is little to know outside of the tweet above and rumors that Goldman Sachs will be the lead underwriter on the deal. The social networking company used a provision in the JOBS Act which allows “emerging growth companies” to submit an S-1 filing to the S.E.C. for confidential review.

Looking to avoid the mistakes of Facebook’s IPO disaster, this move will allow Twitter to keep all financial data, past, present, and future, under wraps until the investor roadshow begins. According to David Pakman, partner of VC firm Venrock, this should only serve to benefit Twitter and investors.

“By the confidential filing, it will hopefully be able to keep expectations down a bit, and hopefully use a different pricing strategy than Facebook.”

Below is data, both Twitter-specific and industry-wide, and as you can see at this point, numbers are estimates from third parties.

twitter files confidential s 1 for IPO Twitter Files For IPO Using Confidential S 1 Allowed Under JOBS Act