Its common knowledge that Facebook’s IPO was a failure. According to the news articles sourced Facebook was too late (8 years after founding), it had too much hype around it causing the company to over estimate the volume of shares, NASDAQ had several technical errors, and over all a lot of things just didn’t work out for Facebook.
Now Twitter is going public, and has now chosen to be listed on the NYSE (New York Stock Exchange). Usually for large Silicon Valley social media companies like Facebook, Zynga, Grupon etc. NASDAQ is the most popular exchange, but a lot of comparisons between Facebook’s IPO and Twitter’s IPO have been made, and Twitter is doing lot different.
It is rumoured that November 15th is the date the IPO starts. Twitter is getting listed on NYSE not NASDAQ, they are using Morgan Stanley, not JP Morgan. They do it before they make their first billion dollars. And several other minor changes should make the Twitter IPO more successful that the Facebook IPO.
http://www.forbes.com/sites/nathanvardi/2013/09/13/why-twitters-ipo-wont-be-like-facebooks-ipo/