Twitter, whose management has denied IPO plans, has hired a stock administration analyst, suggesting plans are afoot for a public float. Photo: Bloomberg
Twitter, whose management has denied IPO plans, has hired a stock administration analyst, suggesting plans are afoot for a public float.
Twitter's stock administration analyst formerly handled stock grants to meet the "IPO deadline" at troubled games maker Zynga, according to her profile on LinkedIn. Such a job position suggests Twitter is moving forward in plans to manage the allocation of its restricted stock units ahead of a planned IPO.
The micro-blogging service has been the focus of attention around speculation that the startup will go public in early 2014.
Top Twitter executives and its founders have remained dismissive around questions regarding its IPO, offering few hints. CEO Dick Costolo has outright said the company is not focusing on an IPO. And co-founder Jack Dorsey, who sits on the board and runs Square, has told Bloomberg that Twitter is "not even thinking" of an IPO.
"It's typical for private companies with large numbers of employees and stockholders to have stock/equity teams, and we have had one for a couple years," Twitter spokesman Jim Prosser said in a statement.
The company inadvertently showed its hand in its bid for an initial public offering with a job posting for financial reporting manager, spotted on Monday by USA TODAY.
That job position was intended to find somebody to help with the company's S-1 and handle quarterly earnings reports. Twitter quickly had the job posting removed.
Twitter's offering is expected to be the biggest consumer Internet IPO splash since Facebook's in May 2012.
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