​Today, Twitter filed its IPO valued at $1 billion.

Twitter had originally announced its IPO plans via a tweet in September:

Based on an internal valuation of its shares from Aug. 5, Twitter is worth about $9.7 billion, according to The New York Times.

In Q2 2013, Twitter reported that it had 218.3 million average monthly active users, up 44% from the same time last year. Twitter’s revenue for the first half of this year was $253.6 million, more than double that of last year.

Much like Facebook before it, as the company has geared up to go public, it hasn’t been able to get a handle on how it’s going to monetize its hugely popular social-media platform. Last year, Twitter reported a net loss of $79 million, it’s down nearly $70 million in the first six months of 2013.

Twitter’s initial offering will be composed of around 470,000,000 shares.

Read more at The New York Times.

Brief Take: With its IPO publicly teed up now, all eyes are on Twitter, which has plenty of skeptics when it comes to its plan to monetize its popular social-media platform. That said, look for investors to snatch up the new offering.

[Image courtesy of Twitter]

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