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Facebook selects NASDAQ for listing, report says

New York Times reports that Facebook picked NASDAQ over rival New York Stock Exchange

Facebook will list its stock on the NASDAQ stock exchange following what some observers say is he most anticipated IPO in a decade, according to a report today in the New York Times .

The NASDAQ exchange was said to beat out its rival New York Stock Exchange, which also bid for the listing.

Facebook filed for the initial public offering on Feb. 1. It said at the time it was looking to raise some $5 billion.

Morgan Stanley, J.P. Morgan and Goldman Sachs are underwriting the deal, according to the papers filed with the U.S. Securities and Exchange Commission.

The company had revenue of $3.7 billion in 2011, compared to $2 billion in 2010, according to the filing documents.

Read more about internet in Computerworld's Internet Topic Center.


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