Facebook picks Nasdaq, sources say

Facebook has decided to list its shares on the Nasdaq under ticker symbol “FB,” according to unnamed New York Times sources.

When the social network first filed for an initial public offering in February, it did not reveal whether it would list shares on the Nasdaq or the New York Stock Exchange. New York Times sources say the company informed the exchanges of its decision this week.

Facebook will join Zynga, Apple and Google, among other notable tech companies on the Nasdaq. LinkedIn and Pandora chose the NYSE for their initial public offerings last year. Facebook is expected to go public in May with the largest offering since Google’s in 2004. Patent lawsuits between Facebook and Yahoo could affect the timing, however.

The social network is looking to raise $5 billion in its IPO, and it could be valued at about $100 billion. Facebook had $1 billion in net income on $3.71 billion in revenue in 2011, according to its S-1 filing. In February, shares on secondary market SharesPost cleared $44, valuing the company at $103.4 billion.

Social Media 101

Mediabistro Course

Social Media 101

Get hands-on social media training for beginners in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will teach you the best practices to be successful on social. Register now!

 

Leave a Reply

Get the latest news in your inbox
interested in advertising with inside facebook?

Social Media Jobs
of the Day

Search Marketing Analyst

Greater Than One, Inc.
New York, NY

SEM Manager - Bilingual

Creative Circle
Miami, FL

Vice President of Technology

Emerald Media Group
Eugene, OR

SEO Manager - Bilingual

Creative Circle
Miami, FL

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Also from Inside Network:   AppData - Facebook & iOS Application Stats   PageData - Engagement Data on Facebook Pages   Facebook Marketing Bible   Inside Network Research
 
home | site map | advertising/sponsorships | about | careers | contact us | help courses | browse jobs | freelancers | events | forums | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us