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Twitter chooses NYSE over NASDAQ for IPO

Twitter Inc. has reportedly chosen the New York Stock Exchange (NYSE) over NASDAQ for its public debut.



Washington: Twitter Inc. has reportedly chosen the New York Stock Exchange (NYSE) over NASDAQ for its public debut.

The microblogging site will list under the ticker `TWTR` for its 1.5 billion dollar IPO, Fox News reports.

According to the report, the company`s public debut is expected to take place in the coming months with valuation between 28 dollars to 30 dollars a share.

NASDAQ, which was chosen by social media giant Facebook for its IPO last year, suffered technical glitches during the site`s debut and is touted to be the reason for Twitter`s preference for the NYSE Euronext.

From Zee News

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