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Twitter set to make a splash on Wall Street

Business Desk |
Update: 2013-11-03 09:34:31

DHAKA: Wall Street is aflutter over Twitter, set to make the most anticipated stock market debut since Facebook in a huge test for social media and the technology sector.

No official date has been set, but Twitter appears on a fast track which could see its initial public offering priced as early as Wednesday for trading on Thursday, according to some reports, says The Straits Times.

The company will trade under the ‘TWTR’ symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.

There is considerable excitement about the IPO because Twitter is ‘a unique product that no one can replicate’, said Michael Pachter, head of equity research at Wedbush Securities.

BDST: 2039 HRS, NOV 03, 2013
RoR/RK

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