Twitter picks NYSE for float

Marion Dakers
TWITTER said last night it will list on the New York Stock Exchange, dealing a blow to the Nasdaq, which traditionally handle banner tech floats.

The social network also showed that it kept up its pace of revenue and user expansion in the just-ended third quarter, and it is now set to kick off its investor roadshow in coming weeks. The company more than doubled its third quarter revenue to $168.6m, but net losses widened to $64.6m as it ramped up marketing spending, the filing revealed.