Saturday, April 7, 2012

Facebook to list on Nasdaq, says report Email this article Print this article Share on Reditt Google Bookmarks Newsvine Live Bookmarks Technorati Yahoo Bookmarks Blogmarks ApnaCircle The author has posted comments on this article

NEW YORK: Popular social networking site Facebook, which is slated to soon launch its initial public offering (IPO), has zeroed in on the Nasdaq Stock Exchange to list its shares, a media report said.

Billionaire Mark Zuckerberg-led Facebook has chosen the city-based Nasdaq over the New York Stock Exchange for its listing, the New York Times reported. The social network will list its shares under the ticker symbol 'FB' on Nasdaq, the newspaper quoted people with knowledge of the matter as saying.

The report said getting a company like Facebook to list on it is a "significant coup" for Nasdaq, which has been "embroiled in a battle with the New York Stock Exchange for the darlings of Silicon Valley" . LinkedIn and Pandora Media chose NYSE for listing even as technology giants like Apple and Google have preferred Nasdaq.

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