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SOCIAL NEWS: Twitter announces planned IPO

Twitter has announced it plans to join the stock market.

Making the long expected announcement via a Tweet the company said: ‘We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.’

Posted at 10 pm (BMT) the Tweet has since gone viral with more than 12,500 retweets to date.

The company’s following Tweet simply stated: ‘Now back to work.’

Following the submission of paperwork with US regulators, Twitter has now entered what is called a ‘quiet period’, where the company is not allowed to speak with the press.

The social network has been valued by investors at more than £6.3 billion.