Twitter IPO to undergo 'dry run' on NYSE following Facebook faceplant

The next social networking giant on the public offering block doesn't want a repeat of what happened with its Silicon Valley neighbor more than a year ago.

The New York Stock Exchange told traders in a note on Friday it will allow financial firms to conduct a "dry run" of their systems to help prepare for the upcoming Twitter initial public offering, which may help avert troubles Facebook suffered when it first went public.

According to the Associated Press, the test will go ahead on the weekend of October 26, when the markets are closed.

Twitter announced on Wednesday it will choose the New York Stock Exchange for when it becomes a publicly traded company under the ticker symbol "TWTR."

It's no surprise following Facebook's first few hours of public trading, which saw the social networking giant's debut on the Nasdaq stock exchange bungled from the minute it went live. 

The U.S. Securities and Exchange Commission, the government department in charge of federal securities and stock exchanges, slapped the Nasdaq stock exchange with a $10 million fine following the flub.

According to the agency, the fine was as a result of its poor setup of systems and the decisions made prior, which saw Facebook's first few hours on the public market botched by a catalog of errors.

Despite being the poster child for Silicon Valley, the company's stock tanked from its $38 starting price. At its lowest point in August, shares dropped to $18 per share — less than half its opening price. 

It took more than a year for Facebook to regain its losses back to its initial public offering price following strong quarterly results.

Facebook closed on Friday afternoon close to 4 percent at $54.22 per share.