Twitter has announced it has filed paperwork with US regulators ahead of a planned stock market flotation.
"We've confidentially submitted an S-1 to the SEC for a planned [initial public offering]," the company tweeted on its official feed.
The stock offering is the most hotly anticipated since Facebook listed its shares last year.
Twitter did not say when it plans to make the offering, and gave no further details in its tweet.
Once a company has filed paperwork with US regulators for a planned IPO it enters a so-called "quiet period" when it is not allowed to speak with the press.
According to the Securities and Exchanges Commission's website, a company can file a confidential prospectus for a public share sale if it is classified as an "emerging growth company" with revenue of less than $1bn.
Twitter has been valued by private investors at more than $10bn (£6.3bn), and is on track to post $583 million in revenue in 2013, according to advertising consultancy eMarketer.
BBC News - Twitter plans stock market listing
"We've confidentially submitted an S-1 to the SEC for a planned [initial public offering]," the company tweeted on its official feed.
The stock offering is the most hotly anticipated since Facebook listed its shares last year.
Twitter did not say when it plans to make the offering, and gave no further details in its tweet.
Once a company has filed paperwork with US regulators for a planned IPO it enters a so-called "quiet period" when it is not allowed to speak with the press.
According to the Securities and Exchanges Commission's website, a company can file a confidential prospectus for a public share sale if it is classified as an "emerging growth company" with revenue of less than $1bn.
Twitter has been valued by private investors at more than $10bn (£6.3bn), and is on track to post $583 million in revenue in 2013, according to advertising consultancy eMarketer.
BBC News - Twitter plans stock market listing
