Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

NYSE 'test runs' Twitter IPO to avoid problems that plagued Facebook

Nasdaq was fined $10 million for trading delays and order failures when Facebook went public last year.

THE NEW YORK Stock Exchange says its test run of Twitter’s initial public offering on Saturday was a success, as the exchange takes pains to avoid the technical problems that marred Facebook’s debut.

While the NYSE frequently does testing on the weekend, this was the first time the exchange conducted a mock IPO. Early Saturday, traders from member firms gathered with NYSE staff to run simulated buy and sell orders, test the flow of those orders and open the stock.

“The systems test was successful, and we’re grateful to all the firms that chose to participate,” NYSE spokeswoman 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.”

Twitter will be the biggest technology IPO since Facebook went public in May 2012. While Nasdaq won Facebook’s listing, one of the biggest IPOs in years, the debut was hit with trading delays and order failures. The Securities and Exchange Commission later fined Nasdaq $10 million, the largest sum ever levied against an exchange.

TWTR

Twitter, which is expected to go public sometime before Thanksgiving, has chosen to list on the New York Stock Exchange. It plans to sell 70 million shares between $17 and $20 each for a possible take of $1.6 billion. Shares will trade under the ticker “TWTR.”

This year has been a hot one for IPOs as sharp gains in the stock market have boosted demand for initial public offerings. Over 150 companies have gone public in the US this year, up more than 50 per cent from the same period in 2012, according to recent data.

Read: Twitter hikes IPO amount to $1.61 billion >

Read: Twitter shuns Nasdaq to list on the New York Stock Exchange >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
Comments
    Install the app to use these features.
    Mute Mary Ryan
    Favourite Mary Ryan
    Report
    Jun 28th 2019, 12:29 AM

    Speaking from experience, the amount of assaults reported is nothing to compare as to the amounts happening. Between drug and alcohol abuse and dementia it’s nearly an everyday occurrence. It’s not going to change. Most of the damage is done before security arrive.

    190
    Install the app to use these features.
    Mute Arch Angel
    Favourite Arch Angel
    Report
    Jun 28th 2019, 7:52 AM

    @Mary Ryan: This is a fact. As a patient myself I witnessed two Porter’s being assaulted by a group of people. They asked the nurse in charge that it be recorded in some book, and were told she was too busy come back later. One replied, the usual, never then but if it was a nurse…

    37
    Install the app to use these features.
    Mute DERRY1973
    Favourite DERRY1973
    Report
    Jun 28th 2019, 12:45 AM

    Only 1 way to sort this, Zero tolerance , major fines /jail time.its just not good enough that people doing this job are at risk.

    122
    Install the app to use these features.
    Mute Marc Murphy
    Favourite Marc Murphy
    Report
    Jun 28th 2019, 12:40 AM

    Let me guess 300 suspended sentences too

    112
    Install the app to use these features.
    Mute Cat K.
    Favourite Cat K.
    Report
    Jun 28th 2019, 1:23 AM

    *300 assaults have been reported. And probably mostly serious ones. A lot more happening that get swept under the carpet. A very difficult job that is taken for granted.

    105
    Install the app to use these features.
    Mute Melanie Tournier
    Favourite Melanie Tournier
    Report
    Jun 28th 2019, 1:33 AM

    Perpetrators need to know that actions have consequences,
    What’s happened to Ireland it’s rapidly going down the toilet and getting out of control ?

    82
    Install the app to use these features.
    Mute *The* Brendan Gordon
    Favourite *The* Brendan Gordon
    Report
    Jun 28th 2019, 3:03 AM

    @Melanie Tournier: It’s nothing new sadly, more a case of lack of “maintenance” in hospital funding, health policy, policing and the criminal justice system exasperating, amplifying and highlighting underlying issues.

    21
    Install the app to use these features.
    Mute Charles Coughlan
    Favourite Charles Coughlan
    Report
    Jun 28th 2019, 1:18 AM

    How many prosecutions have been made? Mandatory sentences should apply to thugs, alcoholics and drug addicts who attack hospital staff, not enough prison places, build private ones like they have in the USA…

    76
    Install the app to use these features.
    Mute G Manning
    Favourite G Manning
    Report
    Jun 28th 2019, 7:14 AM

    @Charles Coughlan: private prisons are and shall remain a terrible idea

    27
    Install the app to use these features.
    Mute Will
    Favourite Will
    Report
    Jun 28th 2019, 8:39 AM

    @Charles Coughlan: “build private ones like they have in the USA”

    Terrible idea. Private prisons turn law and order into a business, a numbers game where all that matters is the bottom line. It leads to aggressive prosecution of minor offences and the incarceration of addicts, prostitutes and others who should be helped rather then locked up. It has corrupted justice in the US to a shameful degree.
    Law and order should only be managed and controlled by the government and by the consent of the people.

    12
    Install the app to use these features.
    Mute rosetheone
    Favourite rosetheone
    Report
    Jun 28th 2019, 6:49 AM

    In fairness, some of the patients can’t help it. When someone with Alzheimer’s or dementia lashes out because of fear etc it’s generally not reported. If it is, it’s only to try and get extra resources for them. Patients waking up from general anaesthetic throw the odd box as they’re so disorientated. Again, never reported

    34
    Install the app to use these features.
    Mute DeeM
    Favourite DeeM
    Report
    Jun 28th 2019, 7:04 AM

    @rosetheone: True…some patients can’t help it but with the drunks and drug addicts… its self inflicted….and I still have a duty of care to those people, but I should not be subjected to the level of abuse I am, in the course of doing my job, without proper measures in place to safeguard my well being.

    59
    Install the app to use these features.
    Mute Mary Ryan
    Favourite Mary Ryan
    Report
    Jun 28th 2019, 10:40 AM

    @rosetheone: Exactly. Infections especially uti’s play havoc with older peoples brains…they don’t mean it. I’ve seen elderly people as gentle as lambs hit out and get aggressive because of an infection they have. I nearly got my arm broken by an 88 year old man! and I’m strong!! .The strength of him. And he jumped out of bed when I managed to free myself and ran for us. We had to lock ourselves in the kitchen. We did laugh after it over the madness of it…but it’s kept me on guard…

    5
    See 1 more reply ▾
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    Jun 29th 2019, 12:15 AM

    @rosetheone: But it should be reported. No one is ever going to do a thing to help unless every assault is logged. Report it. Every time.

    1
    Install the app to use these features.
    Mute Niamh Brady
    Favourite Niamh Brady
    Report
    Jun 28th 2019, 7:59 AM

    I really think people who commit crimes and are getting off on suspended sentences etc should all be made do community service, pick up litter and the sort. Actually having to go out and do a bit work would kill them. Same for people on long term unemployment as on never had a job.

    27
    Install the app to use these features.
    Mute M
    Favourite M
    Report
    Jun 28th 2019, 7:45 AM

    Have a separate clinic/building for the drug addicts, hospital tourists, and stop escorting Joy prisoners into a public space.

    Also, you see those backed up trollies belonging to Dublin fire brigade, come up with a better way to register patients so these men/women and ambulances can get back on the road.

    23
    Install the app to use these features.
    Mute rosetheone
    Favourite rosetheone
    Report
    Jun 28th 2019, 7:57 AM

    @M: completely agree about prisoners sitting around the public cafes hand cuffed. They should be in their room, not parades around and made a spectacle of because the POs want a change of scenary

    12
    Install the app to use these features.
    Mute M
    Favourite M
    Report
    Jun 28th 2019, 11:19 AM

    @rosetheone: Mad isn’t it. Trust me, it doesn’t happen in Spain, Italy, France but possibly the UK.

    7
    Install the app to use these features.
    Mute Darren Bates
    Favourite Darren Bates
    Report
    Jun 28th 2019, 9:45 AM

    Spent a night recently in Tallaght University Hospital A&E. Not for the faint hearted. The real dregs of society assaulting and shouting racist abuse at the security guards and at the triage nurse. The nurse to be fair was having none of it and put them in their place, which I really admired. I do worry about the type of people being raised now and given how reliant they are on state do nothing but bring it down for those who pay for it all.

    26
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    Jun 29th 2019, 12:17 AM

    @Darren Bates: All the same, they don’t sound very employable either.

    1
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 12:57 AM

    Completely exaggerated. Who comes up with these numbers. Lies.

    8
    Install the app to use these features.
    Mute Alan McArdle
    Favourite Alan McArdle
    Report
    Jun 28th 2019, 1:11 AM

    @Vory2Stars: Any back-up for that dismissal?

    52
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 1:14 AM

    @Alan McArdle: Yes.

    1
    See 9 more replies ▾
    Install the app to use these features.
    Mute Alan McArdle
    Favourite Alan McArdle
    Report
    Jun 28th 2019, 1:23 AM

    @Vory2Stars: do tell.

    18
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 1:24 AM

    @Alan McArdle: I assaulted at least 400 since January.

    12
    Install the app to use these features.
    Mute DeeM
    Favourite DeeM
    Report
    Jun 28th 2019, 2:33 AM

    @Vory2Stars: Troll! Go comment elsewhere!!

    30
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 3:33 AM

    @DeeM: I’m not a troll. Fake news.

    5
    Install the app to use these features.
    Mute DeeM
    Favourite DeeM
    Report
    Jun 28th 2019, 5:31 AM

    @Vory2Stars: yes you are…not fake news!! I’m an A&E nurse in Beaumont….I have been assaulted by drunks, drug users and people with mental health issues…4 times this year….so far!

    37
    Install the app to use these features.
    Mute G Manning
    Favourite G Manning
    Report
    Jun 28th 2019, 7:18 AM

    @Vory2Stars: surprised you’ve survived. Although suppose you were in the right place after getting a hiding.

    9
    Install the app to use these features.
    Mute M
    Favourite M
    Report
    Jun 28th 2019, 11:20 AM

    @G Manning: hopefully the boll0x was left on a trolley for hours.

    2
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 12:29 PM

    @M: No I was in and out like Mike Tyson.

    1
    Install the app to use these features.
    Mute Vory2Stars
    Favourite Vory2Stars
    Report
    Jun 28th 2019, 12:57 PM

    @DeeM: Stinger.

    1
    Install the app to use these features.
    Mute Sarah Coveney
    Favourite Sarah Coveney
    Report
    Jun 28th 2019, 8:33 AM

    So not one doctor was assaulted……….really?

    7
    Install the app to use these features.
    Mute Fred Coloe
    Favourite Fred Coloe
    Report
    Jun 28th 2019, 12:53 PM

    And how many patients are killed or suffer irreparable life changing injury as a result of mal-practice/negligence by Nurses, Doctors etc??? Another case in the courts this week where a woman died (murdered) because the wrong drug dosage was given for a number of weeks! €280,000 comp payout but no one goes to prison.

    5
    Install the app to use these features.
    Mute Benedict Cumberbatch
    Favourite Benedict Cumberbatch
    Report
    Jun 30th 2019, 12:27 AM

    @Fred Coloe: Why don’t you become a doctor/nurse Fred?

    3
    Install the app to use these features.
    Mute Benedict Cumberbatch
    Favourite Benedict Cumberbatch
    Report
    Jun 30th 2019, 12:29 AM

    @Fred Coloe: you seem to think you could do a better job

    1
    See 1 more reply ▾
    Install the app to use these features.
    Mute shay
    Favourite shay
    Report
    Jun 30th 2019, 7:07 PM

    @Fred Coloe: human error Fred, and an bord altrainis do sanction nurses in these cases, up to and including dismissal,

    1
    Install the app to use these features.
    Mute shay
    Favourite shay
    Report
    Jun 30th 2019, 7:04 PM

    Never going to change, until nurses take time off for verbal as well as physical assaults, and sue their employers, truth

    1
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds