PrivCo Founder and CEO Sam Hamadeh spoke with FOX Business Network’s (FBN) Charlie Gasparino surrounding his thoughts on Twitter’s Initial Public Offering (IPO). Hamadeh said,  Twitter will likely release their financials this Friday, October 4th and that their “backup plan is next Friday.”


On whether Twitter will release their financials this Friday:

“That’s going to come Friday as our information and our backup plan is next Friday.”

On whether Twitter will join the New York Stock Exchange or NASDAQ:

“99 percent it’s going to be the NYSE…Look, before Facebook’s IPO 6-7 years ago, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) had 94 percent of all tech IPO’s on NASDAQ. NYSE Euronext (NYSE:NYX) had 6 percent market share post Facebook Inc (NASDAQ:FB) IPO flop. Everybody is too afraid now to do it with NASDAQ…senior sources inside Twitter are saying that we are doing New York Stock Exchange.”