Twitter to list on New York Stock Exchange, snubbing Nasdaq
Twitter has chosen to sell its shares on the New York Stock Exchange (NYSE), snubbing the technology-heavy Nasdaq exchange, where Facebook is listed.
The micro-blogging site reported its net losses for the three months to September grew to $64.6m from $21.6m in 2012.
The loss was partly due to increased spending on advertising promotion, it said.
But its income tripled to $168.6m (£105m), compared to 2012.
Twitter, whose users include US President Barack Obama and the Pope, reported a 39% growth in the number of users over the past year.
It will price its initial public offering (IPO) on November 14 and begin trading the next day.
It hopes to raise $1bn (£630m) with the offering, Twitter said.
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