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Oct 15, 2013

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO (Reuters) – Twitter Inc (IPO-TWTR.N: Quote, Profile, Research) will list on the New York Stock Exchange, a marquee IPO win that deals a blow to the tech-heavy Nasdaq which bungled rival Facebook’s (FB.O: Quote, Profile, Research) initial public offering.

In an amended IPO filing on Tuesday, Twitter also showed that it sustained its pace of revenue and user expansion in the just-ended third quarter, affirmation for investors hoping to capitalize on the sizzling growth of the messaging service.

Oct 15, 2013

Twitter picks NYSE as quarterly results affirm IPO hopes

SAN FRANCISCO (Reuters) – Twitter Inc will list on the New York Stock Exchange, a marquee IPO win that deals a blow to the tech-heavy Nasdaq which bungled rival Facebook’s initial public offering.

In an amended IPO filing on Tuesday, Twitter also showed that it sustained its pace of revenue and user expansion in the just-ended third quarter, affirmation for investors hoping to capitalize on the sizzling growth of the messaging service.

Oct 15, 2013
    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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