Twitter rumoured to be seeking loan between $500m and $1bn ahead of flotation
Twitter is rumoured to be seeking a credit line for between $500m and $1bn ahead of its IPO.
Expected to launch on the stock marketing in November, the New York Post has suggested that JPMorgan Chase and Morgan Stanley are in charge of readying the credit line for the social media company.
Having submitted a confidential IPO filing with regulators, Twitter doesn’t have to make its financial information public until 21 days before it intends to market. It has been suggested that Twitter will wait until as late as possible to make this announcement, after Facebook’s IPO was predicted to lead to ‘massive paydays’, shooting the company in the foot.