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,

"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...