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Facebook to be listed on Nasdaq. Stock symbol "FB"

  AbnerTsang      2012-04-06 01:10:07      2,554    0

The social networking company Facebook has chosen publicly to be traded on the Nasdaq Stock Exchange under the ticker symbol "FB". It means that Facebook and Apple, Google and other tech giants ultimately did not choose the New York Stock Exchange. The news is from New York Times citing on an anonymous source.

By choosing Nasdaq, Facebook has its own considerations. Compared to the market and electronic hall of the New York Stock Exchange, NASDAQ is an purely electronic market. While the former is considered more global, but it costs more than the Nasdaq.

For Nasdaq, Facebook is not just an ordinary listed companies. It has over 800 million users, $ 3.7 billion in revenue, Facebook dominates almost the entire social media industry.

Earlier there was news, Facebook has stopped the secondary market stock trading, they are preparing to be listed on the stock market in May. The IPO will be led by Morgan Stanley, JP Morgan Chase and Goldman Sachs, and the final market value of the company may be over 100 billion U.S. dollars.

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