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Facebook chooses NASDAQ for IPO

Updated 4 years ago

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.