SEC Will Eye Twitter IPO In Wake Of Exchange Blunders

Law360, New York (September 13, 2013, 4:54 PM EDT) -- The stock exchange chosen to handle Twitter Inc.’s public offering could face intense U.S. Securities and Exchange Commission scrutiny in the aftermath of Nasdaq’s errors during a recent trading stoppage and the disastrous May 2012 Facebook Inc. debut, experts say.

On Thursday afternoon, Twitter used its own service to announce it had confidentially submitted paperwork with the SEC to go public, setting up the most hotly anticipated social media IPO since Facebook shares hit the market. During that offering, technical issues and system glitches on the...
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