Richard Drew, Associated Press
The New York Stock Exchange says its test run of Twitter's initial public offering was a success, as the exchange takes pains to avoid the technical problems that marred Facebook's debut.
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. The Securities and Exchange Commission later fined Nasdaq $10 million, the largest sum ever levied against an exchange.
Twitter, which is expected to go public sometime before Thanksgiving, has chosen to list on the New York Stock Exchange. It plans to sell 70 million shares between $17 and $20 each for a possible take of $1.6 billion. Shares will trade under the ticker "TWTR."
- Utah humanitarian aid worker returns from...
- Maine in standoff with nurse over Ebola...
- Southern Baptists tell pastors: hold line on...
- Pope Francis: The devil is real and...
- Pope Francis: ‘Evolution is not...
- #Technologyandstuff: Chevy makes the best of...
- Israeli leader lashes back at harsh US criticism
- Plane crashes at Kansas airport, killing 4
- Pope Francis: ‘Evolution ... 63
- Southern Baptists tell pastors: hold... 42
- Pastor who performed gay marriage keeps... 30
- Utah among lowest in nation in... 21
- Obama on Ebola fight: US can't seal... 19
- Churches proceed carefully when... 16
- George P. Bush says dad Jeb Bush is... 15
- Israeli leader lashes back at harsh US... 13