There has been a lot of speculation in the market regarding Twitter’s IPO or initial public offering. Speculation increased after Facebook went public last year, its IPO turned out to be the biggest internet company IPO ever, Facebook raised $105 billion. It was rumored that somewhere down the line, the microblogging service would decide to go public as well. A little while ago Twitter announced via, you guessed it, its Twitter account, that it has confidentially submitted a S-1 to the SEC for a planned IPO.

The S-1 form isn’t an offer of sale of any securities, Twitter also clarifies this in its announcement. Its a form that’s filed with the SEC by public companies to register their securities with it. The form contains basic financial and business information with respect to a securities offering. Investors can use it to make an educated investment decision and to consider the merits of investment in that particular public company. There’s no way of speculating right now how much Twitter will be able to raise through its IPO, no date has been revealed as yet. Twitter is the world’s largest microblogging network with over 200 million active users every month, after Facebook, its the next biggest social network that’s seeking to go public.

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