NYSE Holds First-Ever Mock Opening for Twitter IPO

In an effort to avoid the mistakes made during Facebook's public offering, the New York Stock Exchange held a "successful" test run for Twitter's IPO on Saturday. It marked the first time the NYSE organized a mock IPO for any company.

Although the NYSE occasionally does testing on the weekends, it facilitated a full rundown with traders from member firms. The NYSE simulated buying and selling, tested the flow of orders and opened the stock, according to the Associated Press ,

SEE ALSO: 6 Reasons Why the Facebook IPO Fell Flat

"This morning's systems test was successful, and we're grateful to all the firms that chose to participate," NYSE spokesperson Marissa Arnold said in a statement. "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." Read more...

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via Mashable http://mashable.com/2013/10/27/nyse-holds-mock-twitter-ipo/?utm_medium=feed&utm_source=rss