Twitter Said to Plan Public S-1 Filing This Week

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Oct. 1 (Bloomberg) -- Bloomberg’s Doug MacMillan updates the latest news on Twitter’s IPO from banks that have been added as managers, to the possibility timeframe of when the company may come to market, in spite of the government shutdown. He speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

First, why add these banks instead of some of the other options?

They have all the big ones that you would expect already.

The boutique banks come in handy when you want specific types of relationships with specific types of investors.

We know that there will be a lot of demand for twitter shares in the ipo, but i think what they are looking for is long-term investors.

Big banks who are not going to try to dump their shares in the first day of training.

Is allen company the kind of bank that you see him at ucla facebook filing, the zynga company -- filing?

Allen and company was on facebook, not code advisers.

You see them forming these relationships, known for their annual summer gathering of media moguls, they have done a good job of fostering a lot of relationships with our players.

What is the latest on timing?

When is the f1 going to come?

This week, this week, this week.

We think it is going to happen sometime this week, we do not know what day or what time, but we are on edge.

If it happens this week they have 21 days before what?

Tell me how the process will unfold.

Under the new jobs act, it mandates that you are allowed to have a confidential filing, but when it is available in public you have to give 21 calendar days to potential investment -- potential investors.

This is before the roadshow yet go -- roadshow?

Yes.

And ipo is actually four or five weeks out before the specific date of filing.

That is right.

Keep working the phones, doug, we all

This text has been automatically generated. It may not be 100% accurate.

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