Twitter amended its S-1 initial public offering filing with the SEC on Tuesday with a few new bits of information. Probably the most noteworthy is that the company will launch publicly on the New York Stock Exchange (NYSE) with the ticker symbol TWTR. Facebook trades on NASDAQ while LinkedIn also made its debut on the New York Stock Exchange.
“We continue to experience rapid growth in our headcount and operations, which will continue to place significant demands on our management, operational and financial infrastructure,” Twitter said in the filing, noting that it had more than 2,300 employees as of the end of last month, up more than 2,200 since Jan. 1, 2010. Twitter warned that it faces stiff competition as it tries to increase its workforce, however, particularly with hiring engineers, product mangers and designers who might otherwise be snatched up by competing firms.
According to CNBC’s Kayla Tausche, Twitter is expected to announce the share price for its IPO on Nov. 14 before trading begins on Nov. 15.
Twitter originally announced its intentions to go public last month. Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., Bank of America Merrill Lynch, Deutsche Bank Securities, CODE Advisors and Allen & Company are all listed as underwriters for the IPO.