HK Equity Fund - Twitter Finally Files for IPO
HK Equity Fund: Micro-blogging social media company Twitter has filed documents with the SEC for its initial public offering.
- (1888PressRelease) September 20, 2013 - HK Equity Fund: After months of speculation, social media company Twitter has filed documents with the US Securities and Exchange Commission that will pave the way for its stock to be traded on a public exchange.
Twitter is the latest in a line of social media and networking companies that have gone public including Facebook and LinkedIn. An HK Equity Fund technology researcher said, "The company's timing is excellent. Facebook's stock has completely turned around after losing more than 50% of its IPO value of $38, LinkedIn are returning to raise further funds after a five-fold increase in their stock price and, for the most part, the equity markets are in something of a bull market."
The company can demonstrate accelerating growth with revenues of some $250 million last year and sector experts suggesting that $500 million is perfectly achievable in the 2013 calendar year. Consensus among many analysts seems to give a ballpark value of $10 billion for Twitter.
Twitter's filing is being made confidentially which allows the company the opportunity to work with regulators on the finer points before making the final plans public and, as such, the IPO may not actually occur until 2014 which is when most expected the company to go public.
HK Equity Fund strategists believe that the IPO will almost certainly be over-subscribed given the current appetite for social media issues but caution that they remain cautious towards equities against the backdrop of Federal Reserve tapering that many expect to begin this month.
About HK Equity Fund
HK Equity Fund established a presence in Hong Kong in 1995. Today their Hong Kong office is their main hub in the Asia-Pacific region. All of HK Equity Fund's business groups have operations in the city, making this their largest office in the region outside Australia. From Hong Kong they offer corporate finance and advisory, institutional cash equities and research, equity derivatives and structured products, debt financing and funds management, and environmental financial products, futures, metals OTC hedging and fixed income trading services.
For more info contact:
HK Equity Fund Limited
28/F, 8 Wyndham Street,
Central,
Hong Kong
Email Address: info ( @ ) hkequityfund dot com
http://www.hkequityfund.com
+85258084873
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam