Tweet success: Twitter set to launch $15bn flotation

Speculation is mounting that social networking giant Twitter may launch on the stock market as early as this August.

Earlier this year, US-based PrivCo which provides business and financial research on major privately-held companies speculated that the social networking giant was likely to follow in the footsteps of Facebook and launch a $15bn (€11.5bn) initial public offering (IPO) next year.

While some commentators are speculating it could be earlier, PrivCo chief executive Sam Hamadeh said in January that Twitter would probably learn from the mistakes made by Facebook when going public.