Friday, April 6, 2012

Facebook picks Nasdaq for marquee listing [Rumor?]

Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday.
One of the most coveted stock listings in recent years, Facebook's choice of its future exchange translates into a relatively small sum in annual listing fees. But it bestows major bragging rights on Nasdaq OMX Group Inc, already home to the likes of Apple Inc and Google Inc.

A spokesman for Facebook declined to comment. Nasdaq OMX and the NYSE also declined to comment.

Read more: Reuters


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