Here's another one to file under "lessons from Facebook's IPO": the New York Stock Exchange plans to hold a "dry run" ahead of Twitter's initial public offering.
The NYSE, Twitter's exchange of choice for its impending market debut, said Friday it will let trading firms conduct a test of their systems to prepare for Twitter's IPO, according to the Associated Press. The test will be held October 26, according to a note send out to traders, AP reported.
Facebook, of course, had its IPO marred with technical glitches on Nasdaq's system. The exchange ended up being fined $10 million by the US Securities and Exchange Commission over errors during the social network's IPO. That, along with investor concerns about monetization, added up to a less-than-smooth start for Facebook on the public market. The stock price had a rocky first year, but it has since rebounded.
Twitter is expected to go public some time next month, possibly on November 15, and will use the ticker symbol TWTR.
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.