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PR Newswire
16-10-2013, 02:59 PM
It will list on NYSE, instead of Nasdaq. It shouldn't make a diff for Twitter, but matter to the exchange due to the IPO size.
Twitter to trade on NYSE
NEW YORK — The New York Stock Exchange has beaten its tech-heavy rival in the quest for the biggest stock debut of the year.
Twitter said yesterday (Oct 15) in a regulatory filling that it will list its shares on the NYSE when the company goes public later this year, choosing it over the traditionally tech-friendly Nasdaq Stock Exchange.
The filing also disclosed that the San Francisco company’s losses are mounting as it prepares to make its stock market debut.
The microblogging service did not say in the regulatory filing when it expects to start trading, but the debut is expected before Thanksgiving. It will use the ticker symbol “TWTR”.
The news is an upset for the Nasdaq, which has traditionally been the place for technology IPOs. The exchange was looking to redeem itself after last year’s Facebook’s IPO, which was marred by trading order failures and delays. As a result, the Securities and Exchange Commission in May fined the exchange US$10 million, the largest ever levied against an exchange.
Both exchanges had courted San Francisco-based Twitter heavily.
...
http://www.todayonline.com/tech/twitter-trade-nyse
Twitter to trade on NYSE
NEW YORK — The New York Stock Exchange has beaten its tech-heavy rival in the quest for the biggest stock debut of the year.
Twitter said yesterday (Oct 15) in a regulatory filling that it will list its shares on the NYSE when the company goes public later this year, choosing it over the traditionally tech-friendly Nasdaq Stock Exchange.
The filing also disclosed that the San Francisco company’s losses are mounting as it prepares to make its stock market debut.
The microblogging service did not say in the regulatory filing when it expects to start trading, but the debut is expected before Thanksgiving. It will use the ticker symbol “TWTR”.
The news is an upset for the Nasdaq, which has traditionally been the place for technology IPOs. The exchange was looking to redeem itself after last year’s Facebook’s IPO, which was marred by trading order failures and delays. As a result, the Securities and Exchange Commission in May fined the exchange US$10 million, the largest ever levied against an exchange.
Both exchanges had courted San Francisco-based Twitter heavily.
...
http://www.todayonline.com/tech/twitter-trade-nyse
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