Billionaire Elon Musk is reportedly toying with the idea of taking the social-media company Twitter back to public ownership in a few years. According to people familiar with the story, Musk. has told potential investors of the plan.
The Wall Street Journal reports “Mr. Musk said he plans to stage an initial public offering of Twitter in as little as three years of buying it.”
“Private-equity firms often take companies private with an eye toward fixing them up outside of the spotlight and then taking them public again within five years or so. Mr. Musk’s signal that he plans to do something similar could help assure potential investors that he would work quickly to improve Twitter’s business operations and profitability” writes The Journal.