Score one for the Big Board.
Twitter has picked the New York Stock Exchange as the home for its coming listing, the company disclosed in an amended prospectus on Tuesday, giving the exchange a piece of the highest-profile initial public offering this year.
The exchange has competed hard with its rival, the Nasdaq stock market, for Twitter. Nasdaq has traditionally been known as the home of technology initial offerings, though as of earlier this month, the two exchanges had each claimed 19 technology I.P.O.’s.
Nasdaq has snared several big names in the Internet space, including Facebook, Groupon and Zynga, while N.Y.S.E. has snagged LinkedIn.
But many in the deal industry had speculated that Twitter would elect to go with the Big Board in light of Nasdaq’s technical issues in handling Facebook’s offering, problems that many analysts, bankers and investors have blamed for that stock’s initial stumbles.
In a statement, the Big Board said: “This is a decisive win for the N.Y.S.E. We are grateful for Twitter’s confidence in our platform and look forward to partnering with them.â€
For its part, Nasdaq said: “All of us at Nasdaq wish Twitter well as they pursue their initial public offering.â€
