Twitter is reportedly getting even closer to its initial public offering (IPO). The social network announced in September that it filed the right documents with the United States Securities and Exchange commission, though it hasn’t been exactly clear when it would start selling public stock in the company. Now, Fortune says it has learned that an announcement is coming soon — within the next month or so.
Dan Primack from Fortune said that, according to his sources, the date could be on or before Nov. 8. The company’s S-1 filing should also be available for public consumption in the coming days, and Primack expects it to be published sometime between now and Friday. After that point, law requires Twitter to wait three weeks until it can start to woo investors, Primack explained, and then it could be prepared to reveal its share price on Oct. 31 or Nov. 7, before opening for trading the following day.
Twitter is expected to earn $500 million in revenue this year, though we’ll know a lot more once it starts publicly revealing its financial details.