Twitter to avoid Facebook’s IPO woes by listing on the New York Stock Exchange, says report

Twitter has chosen to list on the New York Stock Exchange as it moves ever closer to becoming a public company, The Street is reporting based on its own sources. Twitter reportedly intends to sell between 50 and 55 million shares at a price between $ 28 to $ 30 each, bringing in around $ 1.5 billion for the company. Such an offer would value Twitter around $ 15 or $ 16 billion — far short of Facebook’s $ 100 billion valuation.

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