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Twitter hiring for possibility of IPO

Scott Martin
USA TODAY
Jack Dorsey created Twitter and credit card reader firm Square.
  • Company is seeking a financial reporting manager to be ready to file quarterly reports
  • The person would be responsible for filing preliminary prospectus
  • CEO Dick Costolo has said that company management is not focusing on an IPO

SAN FRANCISCO — Twitter's IPO prospect, one of the industry's most widely watched, appears closer to reality.

The micro-blogging service has posted a job opening for a financial reporting manager. The person would be responsible for filing the company's preliminary prospectus, or S-1 document, outlining its IPO plans.

Twitter's job position listed the following duties: "Responsible for preparation of monthly reporting materials, quarterly/annual financial statements and Form S-1 when we are ready to go public," according to a job listing on LinkedIn.

Twitter executives have remained dismissive around questions regarding its IPO, offering few hints. The job position may serve as the best evidence to date of the company's intention to file to go public.

CEO Dick Costolo has said that company management is not focusing on an IPO. Twitter co-founder Jack Dorsey, who sits on the board and is CEO of Square, has told Bloomberg in recent months that the company is "not even thinking" of an IPO.

Twitter's IPO is expected to be the biggest consumer Internet IPO since Facebook's in May 2012. Twitter IPO watchers have long-rumored it to happen by early 2014.

The company's valuation has swelled to a reported $10 billion.

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