Twitter to make stock market debut

Press Association

Twitter has unsealed the documents for its planned initial public offering (IPO) of stock and says it hopes to raise up to one billion US dollars (£618.9 million).

The company is also disclosing that it generated 317 million US dollars (£196 million) in revenue in 2012 and that it had more than 218 million active users as of the end of June, up 44% from a year earlier. That compares with Facebook's nearly 1.2 billion and LinkedIn's 240 million.