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. 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.
