UPDATE: Twitter Could Make IPO Filing Public Tomorrow

(Updated - October 2, 2013 3:04 PM EDT) Hot tech IPO Twitter might make its IPO filing public tomorrow. CNBC reported Wednesday afternoon that microblogging social media titan Twitter has called on ex-employees with stock in the company to return documents regarding their shares. It's the final step that the company has to perform for the U.S. SEC before its S-1 is made available to potential investors. Twitter announced confidentially submitting an S-1 to the SEC for an IPO last month. The company needed to make the filing public 21 days before commencing its IPO, which might happen in early November ahead of the holiday shopping season. Investors have been keeping an eye on GSV Capital Corp. (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC), both of which have Twitter as a significant portion of their investment funds. Though there has been much speculation on what valuation Twitter could draw, most of the market thinks something around $10 billion might be right. One element that Twitter has been great at capitalizing on has been mobile ad revenues, which are said to make up the better portion of the company's total sales right now. Mobile ad revenue was the bane of Facebook (Nasdaq: FB) investors' existence ahead of and shortly following its May 2012 IPO. Facebook has since been able to stabilize and grow that segment, causing shares to soar to post-IPO record levels recently.

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