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Twitter's IPO finds a home as monthly active users jump to 232 million

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After botching Facebook's IPO, the Nasdaq has lost out on another social network's listing.

Twitter today revealed that it's heading to the New York Stock Exchange when it's $1 billion (about £62.5m, AU$1.48b) IPO hits the Street. The NYSE is hopped up on the decision, telling AllThingsD Twitter's choice is a bonafide win over other listing locales.

Good on the SE, but prepare for Twitter's road show (when it tries to secure funding) to hit the gas Oct. 25 followed by an expected trading debut on Nov. 15. Time to brush up your buy/sell skills if you plan on going big with the Bird.

User figures

Twitter's updated S-1 form, where the NYSE news found itself, also revealed some key figures for the microblogging site.

According to the filing, monthly actives users grew in the third quarter, jumping from 218 million to 232 million. Mobile users grew ever so slightly, though mobile ad revenue was up by 37%.

Overall revenue was up a mighty 106% since the first nine months of 2012, according to The Verge, but (there's usually a but) Twitter's losses skyrocketed 89% in that same time frame. In hard cash, that puts Twitter's losses at $133.9 million (about £83.8m, AU$140m).

The company has plenty of time to convince folks it's worth investing in, but it may be a hard sell.

Michelle Fitzsimmons
Michelle Fitzsimmons

Michelle was previously a news editor at TechRadar, leading consumer tech news and reviews. Michelle is now a Content Strategist at Facebook.  A versatile, highly effective content writer and skilled editor with a keen eye for detail, Michelle is a collaborative problem solver and covered everything from smartwatches and microprocessors to VR and self-driving cars.