New York ( CNN ) -- The New York Stock Exchange conducted an electronic systems test Saturday in preparation for Twitter 's highly anticipated initial public offering . Only a small number of people were on the trading floor for the test , which NYSE spokesman Eric Ryan called successful . The exchange tested connectivity and running data and did a simulated auction . `` We 're grateful to all the firms that chose to participate . 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 . '' The date of the IPO has n't been announced . In a regulatory filing earlier this month , Twitter set a preliminary price range of $ 17 to $ 20 per share for its IPO , though that price could change . Twitter will have to set its final price the night before it begins trading . The IPO price , however , is really meant for institutional investors such as Goldman Sachs and Morgan Stanley , which can purchase shares directly from the Twitter IPO 's underwriters . Regular investors will get their first chance to buy Twitter the following day , when shares will begin trading on the New York Stock Exchange under the ticker `` TWTR . '' Twitter 's choice to go with NYSE was considered a snub to the tech-heavy Nasdaq exchange , which caught major heat for the massive fumbling of Facebook 's IPO last year . Facebook was the most anticipated IPO of 2012 and one of the largest ever for a tech company , but an array of problems and misjudgments led to a botched IPO in May , and the company 's stock plummeted . The initial offer price of $ 38 was too high , too many shares were issued , its opening day was marred by Nasdaq 's technical glitches and underwriter Morgan Stanley was fined for improperly influencing share sales . Facebook 's stock has since recovered and is now trading above $ 50 , helped in large part by its swift success in selling ads on mobile devices .
NYSE wanted to avoid a repeat of Nasdaq 's Facebook bungle . Only a handful of people were on the trading floor . The NYSE says the test was a success . Twitter is preparing for a highly anticipated IPO .