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Twitter Is Reportedly Going With NYSE For IPO

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Twitter Is Reportedly Going With NYSE For IPO
[ Business]

When Twitter goes public, it will be listed on the New York Stock Exchange. That’s the word from The Street, which cites sources close to the situation.

Twitter peer/rival Facebook listed on the NASDAQ, home of Google, Apple, Microsoft and Amazon, to name a few of the industry giants. Twitter, however, will be joining the likes of LinkedIn, Pandora and Demand Media on the NYSE, assuming the report is accurate.

The Street’s Chris Ciaccia writes, “The company may sell between 50 million and 55 million shares in the offering, with pricing between $28 and $30 per share, raising anywhere between $1.4 billion and $1.65 billion in the offering. That would value the company around $15 billion or $16 billion. The sources noted that nothing is concrete, and both the initial float and pricing are subject to change.”

Twitter announced on September 12th that it had filed confidentially for a planned IPO:


Twitter filed for the IPO under the JOBS Act, according to the New York Times’ sources, which afforded Twitter with the aforementioned confidentiality, meaning it can go through its numbers outside of the scrutiny of the public eye.

Of course that hasn’t stopped (nor will it in the future) the media and analysts from digging in as deep as they can. Immediately after the news came out, Twitter’s use growth came into question. Twitter announced in December that it had just reached 200 million monthly active users, and CEO Dick Costolo is said to have told employees that he expects to double that by the end of the year. How that would happen, is unclear.

Image: Dick Costolo (Twitter)

Twitter Is Reportedly Going With NYSE For IPO
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