Twitter executives may have another reason to give thanks before they carve the turkey.
Sources familiar with the micro-messaging service’s game plan said that Twitter could go public as early as November, ahead of Thanksgiving, thereby avoiding the post-holiday doldrums.
Twitter has filed for a confidential public offering, which is allowed under the recent JOBS Act for companies with less than $1 billion in annual revenue.
The company tweeted the news of its upcoming share sale last week, but didn’t provide any details such as the timing.
If Twitter sticks to the November or even December time frame, it will have to disclose financial information and other details within 21 days of the so-called roadshow, when bankers market the offering to potential investors.
The initial public offering could follow within just a few days of the roadshow, sources said.
To be sure, market conditions, regulatory concerns or other snags could push the share sale into next year.
The Securities and Exchange Commission is currently reviewing Twitter’s initial public offering documents.
The regulatory approval process has held up other tech IPOs, including Groupon, Zynga and Facebook.
New rules under the JOBS Act aim to streamline the IPO process and give more leeway to companies.
At the same time, they limit transparency for investors early in the process.