Twitter reportedly leaning toward NYSE for its IPO

After Nasdaq fumbled Facebook's IPO, Twitter is said to be mulling another route for its market debut.


Here's another way Twitter wants its IPO to be un-Facebook-like.

Multiple news reports citing sources familiar with the company's thinking say that Twitter is leaning toward listing its shares on the New York Stock Exchange, though no decision has been made yet on where to list.

If Twitter were to choose the NYSE, it would invariably invite comparisons with the IPO misfortunes suffered by Facebook. That social network chose Nasdaq, and its market debut in May 2012 was filled with technological glitches. Nasdaq ended up paying $10 million to the SEC to settle charges related to the errors. Indeed, those past fumbles are factoring into Twitter's thinking, sources told The Street.

Twitter announced its intentions to go public via a tweet earlier this month. With an expected valuation of $15 billion, it is the most highly anticipated tech IPO since Facebook.

About the author

Richard Nieva is a staff writer for CNET. He previously worked for PandoDaily and Fortune Magazine, and his writing has appeared in the New York Times and on


Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

What you missed

Join CNET for an exclusive interview with Google Lunar XPrize teams

Five representatives from the finalist Milestone teams told us how they plan to get to the moon and win $30 million next year. Catch up on this exclusive CNET event.