Twitter headed to New York Stock Exchange under the symbol 'TWTR'
The road to Twitter's IPO:
Twitter has filled in another blank as it goes through the legal process to become a publicly traded company.
The San Francisco-headquartered operation filed an amendment to its S-1 filing with the U.S. Securities and Exchange Commission on Tuesday, confirming that it is going to file its initial public offering on the New York Stock Exchange under the ticker symbol "TWTR."
The move to the NYSE is quite the contrast to Facebook's tumultuous public launch on the Nasdaq last year. Even Salesforce.com CEO Marc Benioff once commented that it was a mistake for Facebook to go with the Nasdaq stock exchange over the NYSE.
Thus, Twitter's decision marks yet another occasion on which the micro-blogging service is attempting to differentiate itself from Facebook's uneasy IPO -- although arguably Facebook has rebounded well enough since then.
To recall, Twitter confirmed (after months of rumors) that it was going through the legal process to become a public company back in September.
Naturally, the social network made the announcement in a Tweet, leaving the tech press and eager investors waiting for more details about the company's valuation.
Twitter gave the people what they wanted by the first week of October, revealing in the S-1 document that it was looking to raise $1 billion.
However, there are a few glaring gaps that will keep everyone tuned in for awhile as Twitter plans its IPO road show -- specifically the IPO share price as a debut date on the NYSE.