New York Stock Exchange Holds Test Run For Twitter's IPO, The First Ever
Another cultural first thanks to Twitter: the New York Stock Exchange held its first-ever IPO test run on Saturday, a mock IPO that was said to be “successful,” reports Mashable.
Unlike the testing the NYSE sometimes does on weekends, this was a full-blown rundown of the impending Twitter IPO with traders from member firms.
According to AP, the NYSE used the mock trial to simulate buying and selling, and the flow of orders.
NYSE spokeswoman Marissa Arnold said in a statement,
“This morning’s systems test was successful, and we’re grateful to all the firms that chose to participate.
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