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Stock Market Float For Twitter?

Stock Market Float For Twitter?

Twitter confirmed its success in raising $200m (£128m) in a fundraising drive this week, sparking rumours that a stock market float could follow.

The fundraising deal, involving money mainly from Silicon Valley VC house Kleiner Perkins Caufield & Byers, values the microblogging platform at $3.7bn.

The Twitter deal is the latest social media firm to be backed by huge sums and analysts are suggesting it could be one of the first to float in 2011, providing the firm's founders and investors with a hefty return.

Twitter's CEO has previously denied interest in an initial public offering (IPO) but experts say the move is almost inevitable.

Twitter now has 175 million users, up from 25 million in 2009. The firm hasn't outlined clearly how it plans to use the money but there is speculation that the microblogger is looking for offices in London.

Meanwhile, it's rumoured that Facebook is planning an IPO that could be finalised in the next 12 months with a value of more than $40bn.


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