Facebook, the world’s largest social networking website, will join the likes of Apple and Google on the NASDAQ stock exchange after its initial public offering, The New York Times reported on Thursday. The publication cites unnamed sources with its report. The social network’s shares will be listed under the “FB” ticker symbol and are expected to go public some time next month. “It’s a high profile win for their listings business,” said Michael Adams, an analyst Sandler O’Neill. “In terms of earnings, the impact won’t be dramatic, but it’s something to be proud of.” The social networking giant filed with the U.S. Securities and Exchange Commission in February, and it could raise as much as $10 billion at a $100 billion valuation when it goes public.
Facebook chooses NASDAQ for IPO
Updated Dec 19th, 2018 8:22PM EST
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
