Twitter IPO announcement lacks details but conforms with JOBS

09/13/2013 | New York Times (tiered subscription model), The

(Mary Turner/Getty Images)

Twitter has announced through a tweet what might be the most anticipated initial public offering since Facebook's in 2012. The announcement takes advantage of the Jumpstart Our Business Startups Act, which allows emerging companies -- those with less than $1 billion in revenue -- to enter an IPO with fewer reporting requirements than larger enterprises. The law allows such companies to keep their filing confidential until much later in the process.

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