Social networking Giant Facebook Inc has confirmed that it will be listing the public offering of it’s stocks with the NASDAQ Stock Exchange. According to a report on FT, the Facebook IPO, at a $5 billion valuation, will be the largest US IPO even on the NASDAQ.
The pick is sure to upset the NYSE (New York Stock Exchange), the other big trading exchange that boasts companies such as linkedin and Yelp. However, industry experts maintain that the choice of NASDAQ over NYSE is unlikely to have any major impact on the actual trading of the Facebook stock once it goes public.
As for the stock ticker, those who were expecting “LIKE” or “POKE” or “ZUCK” will be disappointed, because the chosen ticker for the facebook stock will be “FB”.