Twitter's heading to the New York Stock Exchange.
Twitter's heading to the New York Stock Exchange.
The company announced the news in a filing with the Securities and Exchange Commission on Tuesday. The much-anticipated choice was notedin an amendment to its Form S-1 that was short enough to be a tweet.
'We intend to list the common stock on the New York Stock Exchange under the symbol 'TWTR'.'
The loser at the moment is the Nasdaq Stock Market, which had also courted the social media company in recent weeks. But many felt the NYSE had the upper hand, given the Nasdaq's massive fumbling of Facebook 's initial public offering last year.
Technical problems marred Facebook's much-awaited debut last May -- to the point that the SEC slapped Nasdaq with a $10 million penalty, the largest ever for an exchange. Facebook shares started trading a half hour late, and some traders complained that orders weren't going through -- or they that were forced to accidentally buy shares at inflated prices.
Twitter did not immediately respond to requests for comment. NYSE referred all questions to Twitter's SEC filing.
According to documents filed with the SEC, Twitter has chosen the following investment banks to assist it in selling company shares: Allen & Company, Bank of America Merrill Lynch ((( BAC, Fortune 500), Deutsche Bank Securities, Goldman Sachs, Morgan Stanley MS, Fortune 500) and JPMorgan Chase JPM, Fortune 500). 
First Published: October 15, 2013: 6:04 PM ET
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