The Facebook IPO was one of the worst in history. It has rebounded since then but the New York Stock Exchange doesn’t want a repeat so they’re practicing for the big day with Twitter.
The New York Stock Exchange on Saturday did a test run of Twitter’s highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook’s initial public offering on rival Nasdaq.
The Big Board, run by NYSE Euronext, regularly does systems testing on the weekends, but this was the first time it had run a simulated IPO, and it did so at the request of its member firms – many of whom took part in Facebook’s 2012 IPO on Nasdaq OMX Group’s main exchange.