The New York Stock Exchange’s test-run for the stock-market debut of Twitter Inc. was “successful,” an exchange spokesman said, after the NYSE and brokers ran through a system simulation Saturday.
Hundreds of thousands of orders pumped through trading systems in the test, held by the NYSE to prep for what is one of the year’s most heavily anticipated initial public offerings.
San Francisco-based Twitter is expected to settle on a final IPO price on Nov. 6 with shares beginning to trade on the NYSE the following day….
“We are being very methodical in our planning for Twitter’s IPO, and are working together with the industry to ensure a world class experience for Twitter, retail investors and all market participants,” said a spokesman for NYSE Euronext, the parent company of the Big Board, in a statement Saturday.
Unlike some people.