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Twitter plans New York Stock Exchange listing

Twitter has said that it plans to float on the New York Stock Exchange for its impending IPO, rather than the NASDAQ, which is home to tech companies including Facebook. 

The firm announced the decision in an update to its US Securities and Exchange Commission filing and said that it intends list its common stock under the symbol “TWTR”.

In the document, Twitter also updated its financials to include Q3 figures, claiming that for the first nine months of 2013 it has made a net loss of US$133.9 million (€98.8 million) – compared to US$70.7 million for the same period last year.

However, the firm said it had “231.7 million average MAUs (monthly active users) in the three months ended September 30, 2013, which was a 39% increase from 167.1 million average MAUs in the three months ended September 30, 2012.”

For Q3 alone, Twitter made a net loss of US$64.6 million, compared to a loss of US$21.6 million in Q2 2012, but revenue more than doubled year-on-year to US$168.6 million.