Sunday, October 27, 2013

NYSE holds successful test run for Twitter IPO

The New York Stock Exchange\'s test run of Twitter\'s initial public offering has been a success.

Twitter will be the biggest technology IPO since Facebook went public in May 2012.

While Nasdaq won Facebook\'s listing, one of the biggest IPOs in years, the debut was hit with trading delays and order failures, reports.

According to the report, the Securities and Exchange Commission later fined Nasdaq 10 million dollars, the largest sum ever levied against an exchange.

Twitter, which is expected to go public sometime before Thanksgiving on Thursday, has chosen to list on the New York Stock Exchange.

It plans to sell 70 million shares between 17 dollars and 20 dollars each for a possible take of 1.6 billion dollars, the report added.

Shares will trade under the ticker \'TWTR\'.
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