TwitterTwitter 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. But that distinction may be something that Twitter’s looking for. Facebook’s opening on the stock market was notoriously troubled, and it took over a year before the social network’s stock returned to its initial price. Twitter’s choice of the New York Stock Exchange may well be the safer selection for the moment too. Nasdaq — which Facebook chose to list on — has been home to a number of high-profile technical issues over the last several months.

Read the full story at The Verge.

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.