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Facebook Stock Appears to Land on the Nasdaq Exchange

by Sean P. Aune | April 5, 2012April 5, 2012 12:30 pm PST

Mark Zuckerberg Facebook

It appears that Facebook may have finally made a decision as to which stock exchange it will be listed on, and that winner appears to be the Nasdaq.

Since it was announced that Facebook was taking it self public, there has been a lot of speculation over which stock exchange it would end up listing itself on.  The major two contenders were, of course, the New York Stock Exchange (NYSE) and Nasdaq.  According to a report from CNBC, both exchanges rolled out the red carpet to win the right to list the stock, but a source familiar with the matter says it was ultimately the Nasdaq that has won out.

The move isn’t all that surprising as the Nasdaq has more of a reputation for listing younger companies that come out of Silicon Valley while the NYSE is better known for the older, blue chip companies.  The NYSE has attempted to change its profile as of late, but going with the Nasdaq, if true, really shouldn’t come as much of a surprise to any one.

There is still no word on exactly when the shares will be listed, but it has been confirmed the ticker symbol will be “FB.”

[via CNBC]

Sean P. Aune

Sean P. Aune has been a professional technology blogger since July 2007, but his love of tech dates back to at least 1976 when his parents bought...