NYSE to hold dry run for Twitter IPO

October 19, 2013 

The New York Stock Exchange isn’t taking any chances with Twitter’s initial public offering.

The Big Board said Friday that it would allow trading firms to conduct a dry run of their systems to prepare for Twitter’s IPO. The exchange seems to want to avoid the technical problems that marred Facebook’s debut on the Nasdaq stock exchange in May 2012. The glitches were a major embarrassment for Nasdaq, and resulted in a big fine. The NYSE test will occur on Oct. 26, according to a notice to traders.

Twitter said this week that it had chosen to list with the NYSE over rival Nasdaq. The service is expected to go public sometime in November. Twitter’s IPO is the biggest social media debut since Facebook’s.

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