So are you buckled in and ready for the Twitter IPO?
After the company filed a confidential filing for its coming public market float last week, there’s been much speculation about Twitter’s looming IPO, and Dealbook is raising the question this morning as to whether or not Twitter’s going public will rejuvenate tech IPOs more broadly.
Dealbook reports that there have been around 22 technology IPOs priced in 2013 thus far, about 17 percent of all IPOs -- that’s the lowest percentage of initial stock sales since 2008.
But as we celebrate (Maybe celebrate is the wrong word!) the fifth anniversary of the financial collapse, it’s not clear whether the Twitter float will go the way of the Facebook IPO disaster dodo bird, or find its way instead to a new IPO day.
Twitter has selected Goldman Sachs as its lead banker, but, recognizing that Twitter’s filing was confidential, mum’s the word on the current valuation.
Estimates range between $8 and $9 billion. Revenue projections for Twitter for 2013 by eMarketer would suggest Twitter is on par to make about $583 million in 2013. It currently has a user base of around 200 million monthly users (a far cry from Facebook’s 1 billion+).
Whatever the final coming out number, it will be interesting to see whether so many burned in last year’s Facebook IPO fiasco will reach out and touch the hot stove once again.
Meanwhile, the social stream business upside doesn’t appear to be confined to our friends at Twitter.
Earlier today, DataSift announced a deal to provide Tumblr with its own “firehose” of data, including both real-time and historic data, to help with Tumblr’s advertising upswing (remembering Tumblr was recently bought by Yahoo).
DataSift did a similar deal with Twitter recently, one which provides distribution for Twitter into “hundreds of social and BI applications,” reports TechCrunch.
This is clearly not your father’s social stream, as such deals infuse increasing sums of money into what seems to be evolving into the new advertising mainstream -- only this time around in a realm much more immediate and measurable.