Twitter leaning towards NYSE for IPO: Source
SAN FRANCISCO (REUTERS) - Social media network Twitter is leaning towards picking the New York Stock Exchange (NYSE) over Nasdaq for its highly-anticipated initial public offering, a person familiar with the matter said.
A report earlier on Tuesday by The Street said Twitter had already chosen the NYSE, but sources close to the exchanges told Reuters that Twitter has not made its decision yet.
Big Board parent NYSE Euronext, Nasdaq OMX Group and Twitter had no comment.
The competition for what is the most coveted technology listing since Facebook Inc, which chose Nasdaq for its market debut in May last year, is fierce, one of the sources said.