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Twitter to trade on NYSE, not Nasdaq

AFP-JIJI

Twitter has chosen to trade on the New York Stock Exchange, shunning the rival Nasdaq market, which is home to some of the biggest names in the tech sector.

The Nasdaq, the only all-electronic exchange since it was founded in 1971, has long been seen as the “new economy” market and has sought to contrast itself with the more traditional New York Stock Exchange.

According to the research firm Dealogic, some 260 tech companies were introduced on the Nasdaq between 2001 and 2010, compared with 63 for NYSE. But since 2010, NYSE has been almost even, with 55 companies quoted, including key names like LinkedIn, Yelp and Pandora Media. Some 61 have been introduced on Nasdaq in that time.