Facebook leaning toward Nasdaq, reports say
NEW YORK—Facebook is planning to list its shares with Nasdaq, according to media reports.
That would be a huge coup for the exchange, which competes fiercely with NYSE Euronext Inc., especially for an initial public offering as large as Facebook's, pegged at $5 billion.
Facebook Inc. filed papers in early February for an IPO that could place the value of the Menlo, Park, Calif. company at $100 billion. Mark Zuckerberg's social networking site is expected to begin trading under the ticker "FB" in either May or June.
Calls to Facebook and Nasdaq OMX Group, Inc. were not immediately returned Friday.