Twitter chooses to float on NYSE

The New York Stock Exchange has managed to secure Twitter as one of the new breed of technology stocks on its exchange.

For the last 20 years the NASDAQ has been the natural home for the majority of newly floated technology stocks, but  in the last couple of years the NYSE has made efforts to reverse this trend. Recent successes include LinkedIn and Yelp, and now Twitter will be added to that list. While the NASDAQ did secure Facebook, its launch day ended up a spectacular disaster after the trading platform crashed.

IG has been offering a grey market on Twitter’s market capitalisation at the end of the first day of unconditional trading for over a month now. Client-driven trading has seen this value rise from the market’s originally perceived value of between $10 and $12 billion to the current levels of $20.5-$22.5 billion.

Using current fillings as a guideline it is likely that we will see Twitter float around the middle of November. At first look this premium may look overly generous, but Royal Mail’s completed listing on the London Stock Exchange has highlighted the enormous hunger for IPO investments.

These two companies are at different stages of their growth cycle of course, and unlike Royal Mail, Twitter is unlikely to be offering dividends any time soon. However, as Twitter is a social network, it will certainly help when it comes to generating its own publicity.


With over 6000 global shares to choose from and margin rates from 5%, start shares trading with IG.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.