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Twitter Picks NYSE for IPO

And the red rose goes to the New York Stock Exchange. Hoping to avoid a repeat of NASDAQ’s bungling of the Facebook IPO, Twitter has announced its share will be listed on the venerable NYSE. The IPO is expected to take place sometime in the next several months. Twitter will reportedly sell 50 million to 55 million shares at a valuation of $28 to $30 a share, meaning that the company would be valued at $15 billion to 16 billion. The loss is another black eye for NASDAQ, which has generally dominated the listings for rapidly growing technology companies (Apple, Google, Facebook, LinkedIn).

September 24, 2013 10:37 AM

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