Reuters: Technology News: Facebook picks Nasdaq over NYSE for listing: source

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Facebook picks Nasdaq over NYSE for listing: source Apr 5th 2012, 18:54 Tweet Share this Email Print Related News Facebook picks Nasdaq over NYSE for listing-source 2:48pm EDT Facebook e-commerce: the next big thing? 11:40am EDT Facebook launches patent counterattack against Yahoo Tue, Apr 3 2012 Millennial Media prices at high end of range Wed, Mar 28 2012 Facebook halts secondary market trading, plans for May IPO Wed, Mar 28 2012 Analysis & Opinion The recession killed journalism – and saved it What not to do if you're suing a Facebook billionaire An illustration picture shows the log-on screen for the website Facebook, in Munich February 2, 2012. Credit: Reuters/Michael Dalder SAN FRANCISCO | Thu Apr 5, 2012 2:54pm EDT SAN FRANCISCO (Reuters) - Facebook Inc, which is preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing, handing an important victory to the technology-laden bourse, a source familiar with the situation said on Thursday. The world's largest social network, with more than 800 million users, is aiming to raise $5 billion or more in a landmark coming-out party currently expected in May. Its listing selection deals a blow to NYSE Euronext, which has waged an aggressive battle for marquee tech names in past years. The older U.S. exchange snagged LinkedIn Corp and Pandora Media Inc in 2011. A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc and the NYSE also declined to comment. (Reporting By Alistair Barr and Olivia Oran; Editing by Gerald E. McCormick) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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