Twitter inclined to register IPO with NYSE Euronext

By Marc Castro

Sep 24, 2013 10:10 PM EDT

The microblogging giant Twitter is deciding in favor of listing its shares in the New York Stock Exchange as it prepares for its IPO. This was confirmed by an individual with knowledge over the matter who sought anonymity as the deliberations were private.

While there has been no final decision made, Twitter had already made its intentions known to the public through a tweet saying it had already filed for an IPO application with the US Securities and Exchange Commission. With that act, the company had initiated a high profile market debut. With the registration of the Twitter IPO with NYSE, it would further strengthen its standing as the index to register among the technology industry, taking the lead away from the Nasdaq OMX Group Inc. It would also erase the technical issues that had plagued another high profile IPO registration last year, the one with Facebook Inc.

The spokesperson for NYSE Euronext, Richard Adamonis as well as Twitter's spokesperson Gabriel Stricker, both declined to make any comment on the matter. 

Last September 12, Twitter had submitted documentation to prepare its eventual public registration. There were no other details provided but many saw the use of the Jumpstart Our Business Startups Act registration as a means to retain confidential information until twenty one days before marketing activities commence on the IPO.

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