Twitter has a higher cost than expected in the bag

In a letter sent Monday to the Securities and Exchange Commission (SEC), Twitter said the share price will be fixed next Wednesday night and begin trading Thursday on the New York Stock Exchange (NYSE) under TWTR acronyms.

The increase in stock price could raise the value of its IPO up to 1.750 million, from 1.610 to planned two weeks ago.

The Californian company announced last September, through a message on its own social network, which had taken steps for its IPO.

This public offering of shares (IPO) is the most important of a technology company in Silicon Valley since Facebook went public in May 2012.

Twitter, with over 200 million monthly active users and transmitting every day over 500 million messages up to 140 characters, get their revenue from the advertising that appears in the form of ordinary messages.

In his nearly eight years, Twitter has spread throughout the world and most of its members live outside the United States, but less than 20% of its revenue in 2012 originated outside this country.

In documents filed before the SEC since the announcement of its IPO, the company said in the first six months this year achieved revenues of 253.6 million dollars, representing an increase of 107% over the same period of 2012, but recorded a loss of 69.3 million.

During fiscal 2012, Twitter achieved revenues of 316.9 million dollars (198% more than in 2011), but lost 79.4 million (down 38%).

The company explained that as at 30 June last had approximately 2,000 employees, about 1,800 more than in January 2010.