Elon Musk planning Twitter IPO just a few years after taking it private: Report

Elon Musk is reportedly already making plans to turn Twitter back into a publicly traded company within just a few years of taking it private.

Even though Musk has yet to complete the deal to purchase Twitter for $44 billion, the Wall Street Journal is reporting that a Twitter initial public offering (IPO) could happen in as little as three years.

The deal still has to be approved by shareholders, and meet other conditions, before it is finalized. The deal is expected to close later this year, before October 24, 2022.

There is still the potential for the deal to fall through, but if either Musk or Twitter change their minds, they will have to pay the other party $1 billion.

Musk had originally committed $21 billion of his own cash toward the purchase, partially funded through his sale of $4 billion worth of Tesla (TSLA) shares last week.

As we reported earlier this week, Musk is now seeking out high net-worth individuals and large investment firms to take on more of the financing, thereby reducing his personal financial commitment to the deal.

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