Thursday, April 05, 2012

Facebook chooses NASDAQ to list its stock: report

One question about Facebook's IPO has just been answered. Facebook has chosen the tech-heavy NASDAQ to list its shares, according to anonymous sources speaking to the New York Times.

Facebook will be listed as FB on NASDAQ. The social networking giant's shares are expected to go public in May. It is expect to be the largest IPO offering since Google’s in 2004.
Some feel the IPO could value Facebook, the world's largest social network, as high as $100 billion. Morgan Stanley, J.P. Morgan and Goldman Sachs have been leading the IPO.

It's not REALLY a surprise, as the NASDAQ is the home of such tech giants as Apple (AAPL), Microsoft (MSFT), Intel (INTC) and Google (GOOG). However, the NYSE has managed to score some tech wins of late, with such companies as LinkedIn and Pandora signing on.

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