Twitter Shuns Nasdaq, Chooses to List on NYSE

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Oct. 16 (Bloomberg) -- Bloomberg’s Ryan Chilcote reports that Twitter has decided to list on the NYSE and looks at the potential impact of the decision for Nasdaq. He speaks on Bloomberg Television’s “The Pulse.”

Of tech companies.

Historically, yes.

Think of this as twitter tweeting.

That is how it is announcing its listing on the new york stock exchange.

Just four characters delivering this blow to nasdaq which traditionally has been the home.

Twitter is hoping to raise $1 billion with this offering.

Is that a little or a lot?

There have been about 25 ipos so far this year between the two exchanges.

They have added up to just under $4 billion.

It is a sizable offering.

It is a huge win.

That is right.

For twitter, they say that this gives them a fair value of 12.8 billion.

In terms of the battle of the exchanges, if you look between 2000 and 2010, nasdaq had 261 tech and internet ipos.

Nyse had about a third of that.

Nasdaq is still leading but not by so much.

In terms of the reputational aspect of this, the number of deals, nyse is catching up.

That is important because he wants -- everybody wants to be listed but like companies.

The results of the facebook fallout.

To be fair, if you are looking in terms of dollars and the, the money, let's not forget that both of these exchanges get about a fifth of their revenue from listing fees.

Facebook -- nasdaq is still way ahead of nyse.

That deal alone raised $16 billion for facebook and i got a piece of that.

Didn't exactly go well.

Thank you very much indeed.

Now, as twitter's ipo

This text has been automatically generated. It may not be 100% accurate.


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