Send your condolences to the Nasdaq — the New York Stock Exchange just landed the next big tech offering, with the Twitter IPO planning to list on the NYSE, according to new amendments to the TWTR S-1.
The Twitter IPO marks the latest in a series of tech wins for the NYSE. In the past couple years, the New York Stock Exchange not only has landed big Internet names like LinkedIn (LNKD), Pandora (P) and Yelp (YELP), but also brought Oracle (ORCL) over from the Nasdaq.
IPO Playbook Editor Tom Taulli previously opined that the NYSE was a likely home for the Twitter IPO, citing several reasons, such as the exchange’s renewed tech focus, it’s A-list brands and the Nasdaq’s string of high-profile glitches, including the botched Facebook (FB) IPO.
CNBC has previously reported that the Twitter IPO road show will begin Oct. 25. Meanwhile, the TWTR offering is expected to price Nov. 14 after the close, with trading beginning the next day.
Estimates for a valuation on the IPO have varied. The fair value Twitter put on its shares in August would indicate $12.8 billion, though fund managers have fired off guesses reaching as high as $40 billion.