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Twitter Picks New York Stock Exchange For IPO Even As Losses Widen

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October 16, 2013 AT 6:54 AM
By Gerry Shih and Olivia Oran SAN FRANCISCO (Reuters) - Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc's 2012 offering. Twitter is now expected to kick off its investor roadshow on October 28 where it will pitch its offering to Wall Street before shares start trade in mid-November, two sources familiar with the situation said Tuesday. ...