Twitter’s IPO-related job posting has disappeared from the web

Nothing to see here, move along.
Nothing to see here, move along.
Image: AP Photo/Lionel Cironneau
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Twitter has apparently realized that its every move is being closely followed in the lead up to its IPO. The company had posted a job opening last month for a financial reporting manager, whose duties include writing the S-1 document, which outlines a company’s public offering plans. After USA Today wrote a story about it late yesterday, the job posting has been taken down.

Twitter executives have tried to play down its IPO prospects. Twitter co-founder Jack Dorsey recently said the company is “not even thinking“ about an IPO. That hasn’t stopped all the buzz, and the job posting for the financial reporting position is pretty solid evidence.

Indeed, according to sources, Twitter executives have been talking to bankers, officials at other companies that have gone public, and other people to gain insight into the IPO process, including lessons learned from Facebook’s IPO last year. Twitter and Alibaba Group, China’s largest e-commerce company, which is also slated to go public, have been cautious about their IPO plans to avoid the troubles of Facebook, whose shares went on sale last year at $38 amid tremendous hype and fell sharply afterwards. Not until after strong earnings last week did they recover, briefly rising above $37.60 today.

Sources say Twitter, which is currently valued at around $10 billion, could file for a public offering as early as the fourth quarter of this year and go public next year. But it all depends on market conditions. One factor looming over the timing of any public offering slated for later this year is the possible tapering by the US Federal Reserve of its bond buying program, which could make the markets more volatile and cause Twitter to hold off.