Social networking company Twitter has said it plans to raise $1bn in its stock market debut in documents filed with US regulators. Peter Esho from Sydney-based Invast Financial Services, added that Twitter's ease to use had seen it increase its user base, making it an attractive option for advertisers. Mr Williams owns 12% of shares in the company, while Mr Dorsey owns 4.9%. Benchmark Capital's Peter Fenton, an early investor in the company, is the second-biggest shareholder, with 6.7% of shares. The company plans to list under the stock symbol TWTR, but it did not reveal which stock exchange, the Nasdaq or New York Stock Exchange, it had chosen.
Source: http://www.bbc.co.uk/news/business-24392336%23sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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