Our long national nightmare without a Twitter IPO is over


Dick Costolo, Chief Executive Officer of Twitter, speaks on stage during the TechCrunch Disrupt SF 2013 technology conference in San Francisco, California September 9, 2013. (REUTERS/Stephen Lam)

Twitter has submitted preliminary paperwork for an IPO in the coming weeks, the company let slip Thursday.

(Twitter)
(Twitter)

Outside analysts pegged Twitter's valuation at around $10 billion earlier this year. At the risk of understatement, that's pretty good for its investors, who have poured some $1.16 billion into the company since its inception.

Twitter's confidential filing takes advantage of the JOBS Act, which allows companies to submit their IPO documents secretly if they make less than $1 billion a year.

The company has been buying up other firms like crazy lately — eight startups this year alone, more than any other year in its history.

Brian Fung covers technology for The Washington Post, focusing on telecommunications and the Internet. Before joining the Post, he was the technology correspondent for National Journal and an associate editor at the Atlantic.

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Brian Fung · September 12, 2013