The next giant networks social in public offering block does not want a repeat of what happened with its Silicon Valley neighbor more than one year ago.
The New York Stock Exchange said traders in a note on Friday will allow financial firms to carry out a "simulacrum" of its systems to help them prepare for the next Twitter initial public offering, which can help avoid problems encountered by Facebook when it first went public.
According to the Associated Press, the test will go ahead the weekend of October 26, when markets are closed.
Twitter announced Wednesday that will choose the New York Stock Exchange when it becomes a company listed under the symbol "TWTR."
It's no surprise after hours of Facebook's public trade, which saw the debut in giant social networks on the Nasdaq Stock Exchange failed from the moment that came out alive.
The U.S. Securities and Exchange Commission, the Government Department responsible for federal securities and stock exchanges, a slap to the Nasdaq stock market with a fine following the flub of $10 million.
According to the Agency, the fine was due to its poor system configuration and previous decisions, which saw in the early hours of Facebook in the public market failed for a catalogue of errors.
Despite being the poster child for Silicon Valley, the company's stock fell from its initial price of $38. At its lowest point in August, shares dropped to $18 per share, less than half of its opening price.
It took more than one year Facebook recoup their losses priced its initial public offering after strong quarterly results.
Facebook closed the Friday afternoon about 4 percent to $54,22 per share.
$FB shares of IPO on October 18, 2013 (image: YCharts)
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